Wal-Mart Inventory Management Inventory management refers to the act of specifying the placement and size of stocked goods for a company. To ensure that business in various locations is coordinated, it is very important to ensure that frequent stock taking is done in order to ensure a constant supply and flow of goods and services. The major concern in inventory handling is the focus on inventory carrying costs, inventory forecasting, asset management, forecasting of future asset management price, inventory valuation, physical inventory, physical space available for inventory, inventory visibility, demand forecasting and returns and defective goods. Wal-Mart is one of the biggest retailers in items that are produced in over 70 countries and manages an average of $32 billion in inventory.