Managing quantities of inventory and stock items
Inventory management and stock control, both terms are describing the control and management of quantities of the same items such as Maintenance, Repair and Operating (MRO) items, consumables and spare parts. Generally, inventory types can be grouped into four classifications: raw material, work-in-process, finished goods, and MRO items. MRO items include consumables and spare parts, laboratory items, office supplies, industrial equipment (such as compressors, pumps, and valves), plant upkeep supplies (such as gaskets, lubricants, and repair tools). The Hardcat stock module combines stock and inventory with a range of asset management benefits.