give two reasons you should complete a home inventory.

Inventory management is a complicated process, especially in large organizations. An ineffective inventory process will lead to higher warehouse expenses, wasting and losing products and slow delivery that makes customers unsatisfied. Inventory management is a must for any enterprise because it impacts the costs directly. This stock management entails creating a lead on raw materials, components, and finished goods, as well as keeping and processing such items within your business. It is a planning method for determining when to place an order and the number of orders so that the cost of ordering and the storage costs can be optimally effective without causing production loss. To make sure that your inventory process works effectively, businesses should have optimal inventory management. Finished product: is a finished product after the manufacturing process.Semi-finished products: are products that are allowed to be used for production but are not yet finished and finished products are not kept in stock of finished products.Raw materials: that are sold or kept for future production, sent for processing and purchased on the way home.Inventories that exist in a manufacturing company can be analyzed into three categories: Therefore, inventory is the link between co-production and selling products that are part of short-term assets, using a large proportion, playing an important role in the business production of the business. In other words, inventories are stock items a company makes for sale and the ingredients that make up the products. Inventories are manufactured goods that are preserved by an enterprise for final sale. It will be hard to precisely understand what inventory management is if you don’t have an exact understanding of inventory in the business.

Invest in inventory management methods training.

Always do a good job of preventing damage.Make sure everything is in its correct place.All steps in the inventory management process The inventory management benefits you should know

Give two reasons you should complete a home inventory.