IBM MAXIMO | Inventory Management

An inventory is made up of goods or materials that a company intends to sell to customers for profit.

Inventory management, a critical element of the supply chain, is the tracking of inventory from manufacturers to warehouses and from these establishments to the retail sellers.

The goal of inventory management is to have the right product in the right place at the right time. This requires inventory visibility: knowing when to place new orders, how much to order and where to store inventory.