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Welcome to Saheb Academy! If you enjoy our videos, please subscribe to our channel, hit the bell for updates, and follow us on Instagram. In this tutorial, we will discuss material costing, focusing on stock levels such as maximum, minimum, and average stock levels, as well as reorder levels. It's important to understand inventory control before delving into stock levels. The SEMA defines inventory control as ensuring the right amount of goods is kept in stock to meet demand without excess. The goal of inventory control is to maintain optimal stock levels.