What is inventory management in operations management?

it is the practise of overseeing and controlling odering storage and components

Inventory management is the supervision of non-capitalized assets (inventory) and stock items. 

Inventory management is the practice overseeing and controlling of the ordering, storage and use of components that a company uses in the production of the items it sells. Inventory management is also the practice of overseeing and controlling of quantities of finished products for sale.