Inventory often accounts for a large portion of your business's current assets. Knowing how much to have on hand is a complex task. The very best of forecasts are seldom accurate and occasionally unforeseen problems do occur.

Inventory management impacts different functional teams within the organization. Each team will have competing priorities and differing needs regarding inventory levels.

Manufacturing staff will be looking to streamline processes to increase the efficiency of plant and machinery. While at the same time, the activities of the sales team can result in short-term delivery commitments and frequent rescheduling of the production plan.