Inventory Control

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Definition inventory control system

Definition inventory control system


Inventory management is the practice overseeing and controlling of the ordering, storage and use of components that a company uses in the production of the items it sells. Inventory management is also the practice of overseeing and controlling of quantities of finished products for sale. A business s inventory is one of its major assets and represents an investment that is…


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Safety stock inventory control Systems

Safety stock inventory control Systems


Many argue that the focus point (and perhaps the linchpin) of successful supply chain management is inventories and inventory control. So how do companies manage their inventories? What factors drive inventory costs? When might it make sense to keep larger inventories? Why were some companies quicker to pursue inventory reduction strategies than other firms? The Evolution of…


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