What is inventory management in operations management?

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

Inventory management involves overseeing processes, controlling errors, and providing solutions to any obstacles that may arise. It is not just a practice; it is a core system for companies aiming to optimize business operations for maximum outcomes with minimal errors. Inventory management is also part of the middle layer between the operations and IT teams, with the authority to modify standard operating procedures (SOPs) when necessary.

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.