Usually means: Tracking and controlling stock levels.
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We found 9 dictionaries that define the word inventory management:

General (4 matching dictionaries)
  1. inventory-management: Wordnik
  2. inventory management: Wiktionary
  3. Inventory Management, Inventory management: Wikipedia, the Free Encyclopedia
  4. inventory management: TheFreeDictionary.com

Business (3 matching dictionaries)
  1. Inventory management: Legal dictionary
  2. Inventory management: Financial dictionary
  3. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. Inventory management: Encyclopedia

Medicine (1 matching dictionary)
  1. Inventory management: Medical dictionary

Definitions from Wiktionary (inventory management)

noun:  (supply chain) The formal management of the timing and quantities of goods to be ordered and stocked by an organization in order that demand can always be satisfied without excess expenditure.

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