Explore the fundamentals of inventory management in this comprehensive 1-hour 14-minute video lecture. Learn about the importance of efficient storage, organization, and tracking of items in a business setting. Discover key concepts such as inventory management objectives, types of stock, and various management methods including Just-In-Time and Economic Order Quantity. Delve into inventory accounting principles, including First-In-First-Out (FIFO) and Last-In-First-Out (LIFO) methods. Gain insights into different inventory categories and their significance. By the end of this session, acquire practical knowledge to effectively manage inventories, optimize storage space, and maintain accurate records of stock quantities and movements.