A firm or company either a manufacturing or production unit, or otherwise a trading and supplying one needs a stock place, accounting the stock both of raw materials and other inventories. Inventories may be those utilized for production spots or the finished ones who have to be transported.
All these need to be accounted for and to be under the purview of the planners in the firm who look after the demands and supplies, purchase raw materials and account all type of inventories. Right from the day of accounting inventories in an arithmetical way to the present day of robots and sophisticated software inputs, the management of stores or inventories is known as warehouse management, which is a strong branch of the supply chain management.
