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Home - inventory management
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management.
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management
Inventory Management involves the control of assets being produced for
the purposes of sale in the normal course of the company's operations.
The goal of effective inventory management is to minimize the total
costs - direct and indirect - that are associated with holding
inventories. However, the importance of inventory management to the
company depends upon the extent of investment in inventory.
The task of inventory planning can be highly complex in manufacturing
environments. At the same time, it rests on fundamental principles. The
system used for inventory must tie into the operations of the firm.
Inventory planning and management must be responsive to the needs of the
firm. The firm should design systems, including reports that allow it to
make proper business decisions.
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Our inventory management guidebook
Inventory
management techniques
The total ordering costs can be
decreased by increasing the size of order
economic order quantity
Inflation
point information
reorder point
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