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CTM Short for Ceramic Tile Market. The company on which the research is being conducted on. Ceramic tile market is a retail which specialise mostly in tiles and sanware. Situated in Southern industrial area of Windhoek city, Namibia.
Inventory Management involves the process of ordering, storing and controlling the amount of product for sale. It’s basically keeping track of a company’s stocked goods.
Stocktake is the physically counting of all your stock and matching this up to your stock records to ensure that there is a balance between the two to avoid stock discrepancies.
Discrepancy- lack of similarity between two facts example stock in store room does not match the recorded stock. This result in no balance between actual stock and the one captured.
Warehouse- The place where the organisation store their goods, and collect from there when loading for client
Organisation- A group of people that comes together to achieve a common goal
On hand inventory- is the quantity of goods physically present in your warehouse and ready to be distributed to interested consumers for consumption.

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