Sales and Purchases Inventory Management

Overview
sales management is the discipline of maximizing the benefits a company and its customers receive from the efforts of its sales force. Sale of products and services and resulting profit.
Purchase management is one of the most crucial area of the entire organisation.purchasing is a department in an organization responsible for purchasing activities
inventory management is a specifying the size and placement of stocked goods. Inventory management also concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods and demand forecasting and also by replenishment or can be defined as the left out stock of any item used in an organization.
Benefits:
inventory management is primarily about specifying the shape and percentage of stocked goods.
Inventory management leads to optimal inventory levels.
Inventory management can also help companies improve cash flows.
A good inventory management strategy helps save time and money.
A good inventory management strategy increases efficiency and productivity.