Abstract: The scope of inventory management in the 21st Century concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for Inventory, replenishment, returns and defective goods, and demand forecasting in East Africa firms are striving to manage this element of Inventory to the best of their knowledge due to the cost implication involved in improper management of Inventory (Lysons& Farrington, 2006). Many organizations have adopted the use of Inventory control procedure as its positive effects are more than the negative ones.