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Detailed knowledge of the quantitative and qualitative state inventories in each plant is essential for its functioning. The efficiency of inventory control affects the flexibility of the firm. Inefficient procedures may result in an unbalanced inventory, sometimes out of stock or overstocked, necessitating excessive investment. These inefficiencies ultimately will have an adverse effect on profits. This emphasizes the relevance of the control of inventories, as effective control is possible only at depth and multi-dimensional analysis, having the key to the organization of the control of inventories, such information helps management in decision making related to the supply, storage and allocation of inventories.

control, inventory, efficiency