System to monitor stock levels on an e-commerce site. When stocks run low the item can be removed from sale or an alert raised for the merchant to re-order.
In a complete inventory management system, it includes stock levels, stock locations, reorder points, balance-on-hand, item physical description, rotation, etc.
Applications where bar coding and other forms of AIDC are used to add items or delete items from inventory with 100% item accuracy
the process of maintaining sufficient inventory measures to meet customer needs, weighted against the cost of carrying inventory to determine an appropriate inventory level.
The activities and techniques of maintaining the desired levels of items, whether raw materials, work in process, or finished products. Syn: material control.