Inventory Control?

I'm in a Precision Engineering Company doing Manufacturing of products. I know that here is lots of ways to control inventory but i'm not sure which way to use. Any planning which is the best Inventory Control Method? and what does inventory consists of? work in process? stock? untouched matter?

Thanks contained by finance.

Answers:
What is Inventory Control?
Inventory or stock represent a considerable portion of the business investment and must be economically manage to maximize profits. The most adjectives problems next to inventory are that they are:
- uncontrolled
- inefficient
- costly
- unreliable

Companies usually lean towards keeping inventory level on the illustrious side to insure stock is available when needed. However, this is a giant investment which yield a lower return on the dollar invested. Your inventory control system should see you to:

- Maintain a proper assortment of required items
- Increase inventory turnover
- Reduce and optimize inventory and sanctuary stock level
- Obtain lower untreated objects prices through creative supplier network
- Eliminate outmoded items
- Increase dosh flow and working funds
- Reduce storage cost
- Reduce insurance cost
- Reduce taxes
- Reduce downtime

Objective -
To provide superior direction over inventory by optimizing inventory stocking level for excellent customer service and profit maximization.

In a industrial environment, inventories include inventories of organic materials, work-in-progress and finished merchandise.

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