Next to business planning and workforce, technology is what the reliance on is essential for the smooth operation and soaring profitability of a business. Inventory management technology provides a crucial solution to stock management problems that usually confronts the growing manufacturing companies. Implementing technologies is way to address the inaccuracy of inventory management. It is important to know the following basics before implementing any additional system to the inventory. Defining the process of stock management is a crucial issue. Locating errors in the process and eliminating them is critical to determining the accuracy of inventory management. It gives a clear understanding of perfection and professionalism to the employees working in an inventory. Regular formal checking is as fundamental as the technical implementation of an inventory system. Maintaining stock management accuracy is a factor considerable for the market image of an organization. The organization
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