Inventory management, an effective tool for decision making

Abstract

Inventory management is of vital importance within financial administration in the short term, for any type of business organization in order to obtain efficiency. The objective of this research is to elaborate a proposal for inventory management in different business organizations, for effective decision making. Its practical basis is that the economic-financial methods to be applied make it possible to obtain results that reflect the strengths and weaknesses located in the items to be evaluated in inventory management, which facilitate a correct short-term financial administration in order to increase efficiency in business management. The research methods used allow the use of techniques that make it possible to know the strengths and weaknesses of the business organization. Among the main results, it is shown that the inventory management, from its conception, constitutes a tool that facilitates the improvement of the financial administration in the short term in the entity.