Inventory management

Meaning

Inventory management is the process of tracking the inventory in your company. Usually, you do this in an inventory management system.

Key points

• Inventory management appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, inventory management is used to keep invoice and payment operations structured and auditable.