Inventory control and management in supply chain management refers to the processes and systems used to oversee and regulate the levels, movement, and storage of items within a supply chain network. The goal is to ensure that there is enough inventory to meet customer demand while minimizing excess inventory that ties up capital and increases the risk of obsolescence. Inventory control and management activities include tracking inventory levels, forecasting demand, determining reorder points, setting safety stock levels, and implementing inventory management strategies such as just-in-time (JIT) and Economic Order Quantity (EOQ).

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