Unwanted inventory unnecessarily increases the working capital and reduces the efficiency of the organization.

Inventory Management System is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be placed for purchase.

Inventory management system takes care of all raw materials, work in progress and finished stock. Application of Kaizen & 5S techniques in inventory management brings lot of benefits for the organization in the areas of saving of space, saving of time in searching a material, identification and elimination of unwanted stock, cleanliness, safety etc.