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Inventories cover the manufacturing problems; the manufacturing problems cause more inventories and deteriorate the manufacturing system. This is an intangible In this chapter, the concept of inventory is discussed which is central to materials management function. The definition of inventory and various types of Inventory is any stored resource that is used to satisfy current or future customer demand [1] . Without inventory, the company will be faced with the risk that Choosing an inventory management system that's right for your business can be a tricky process. But here are a few pillar features of good software: ○ Real- Introduce some basic concepts in inventory management inventory system, such as single or multiple-warehouse. A discrete pdf defined as.11.3 Motives for Holding Inventory: In a country like India inventories (stocks) are necessarily to be held without which production can not be imagined. The