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Inventory Control refers to the systematic management of a company's stock, encompassing its procurement, storage, and distribution. It plays a critical role in ensuring that a business has sufficient supplies to meet customer demand while minimizing carrying costs and reducing waste. As part of supply chain management, inventory control requires an understanding of upstream activities such as forecasting and purchasing, as well as downstream considerations like logistics and sales. Effective inventory control strategies can help businesses optimize their operations, increase efficiency, and enhance profitability.