It is said that one of the most important aspects of operations is managing the inventory. According to Kiesmuller, 2003, he states that Inventory Management is defined as the process of specifying and placement of stock goods while taking into account the aspects of costs and space as well as logistics into the matter. One of the major issues with Inventory Management is the inability for a firm to accurately plan and manage the inventories they have be is overstocking of goods or inability to manage the operations of logistics and production properly. As Kiesmuller, 2003 mentions, it is a "ballet and marriage between the most powerful minds in an industry and the most obstructive item in the firm" The proper management and dispersion of inventory is highly essential as it will determine the total outcome as well as the survivability of a company in terms of managing the finance to handle inventory. In order to have the best management for inventory, it is highly essential for the firm to manage the primary governing factors which will be later explained in the literature review section commenting on the main aspects of Inventory Management. According to Geoff, 2005, he concluded that despite the key aspects of Inventory Management being taken into account, there will always be external factors which are set to throw
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