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The objective of inventory is to achieve satisfactory levels of customer service while keeping inventory costs. This paper discusses some basic concepts and techniques for classifying inventory, controlling inventory levels, avoiding stock outs. Considering that inventory management is clearly a fundamental aspect of supply chain management, this book has been developed to. Describe the meaning and objectives of inventory management..
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Inventory management is the heart of supply chain management, encompassing all the processes and systems used to track and. This paper discusses some basic concepts and techniques for classifying inventory, controlling inventory levels, avoiding stock outs. Considering that inventory management is clearly a fundamental aspect of supply chain management, this book has been developed to. Raw materials, finished products, component parts,.
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Inventory is the stock of any item or resource used in an organization and can include: Explain the meaning and types of inventory. Know the factors affecting the.