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This web site is designed to help navigate
you through the mountain loads of information about inventory
management.
The second step in inventory planning
involves a forecast of unit requirements during the future period. Both
a sales forecast and an estimate of the safety level to support
unexpected sales opportunities are required. The Marketing Department
should also provide pricing information so those higher profit items
receive more attention.
The three subsystems are tied together in a single inventory-management system. The inventory management system can also be illustrated in terms of the three subsystems that comprise it. The figure below ties each subsystem together and shows the three items of information needed for the decision to order additional inventory.
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