Anglų skaidrės. Inventory management. Definition. Inventory management is primarily about specifying the size and placement of stocked goods. Purpose of Inventory management. Stocking the right product able to locate the products maintain optimum level of inventory. Types of inventory. Raw materials Purchased parts and supplies Finished Goods. Work-in-process (partially completed products) Items being transported Tools and equipment. Costs of inventory. Carrying cost Ordering cost Shortage cost. Inventory control systems. The general purpose.