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Inventory Control refers to the systematic practice of managing and tracking goods and materials within an organization, ensuring their optimal availability and utilization towards business objectives, while maintaining quality control standards and mitigating operational risks. It encompasses various activities such as forecasting demand, monitoring stock levels, managing supplier relationships, optimizing storage space, and implementing efficient picking, packing, and shipping processes. Ultimately, effective Inventory Control strategies contribute to improved customer satisfaction, cost savings, and increased profitability for the business.