# Inventory Management Inventory management is the process of overseeing the flow of goods into and out of your warehouse. It ensures that the right quantities of products are available to meet demand while minimizing excess stock and reducing holding costs. An ERP system helps businesses maintain optimal stock levels by tracking all inventory transactions in real-time. **Types of Inventory:** * **Raw Materials:** Items that will be used to create finished goods. * **Finished Goods:** Products that are ready for sale to customers. * **Work in Progress (WIP):** Goods that are in the process of being manufactured but are not yet finished. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://academy.pakk.io/school-of-erp/inventory-management.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.