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This web site is designed to help navigate
you through the mountain loads of information about inventory
management.
This stock level subsystem keeps track of
the goods held by the firm, the issuance of goods, and the arrival of
orders. It maintains records of the current level of inventory. For any
period of time, the current level is calculated by taking the beginning
inventory, adding the inventory received, and subtracting the cost of
goods sold. Whenever this subsystem reports that an item is at or below
the reorder-point level, the firm will begin to place an order for the
item.
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