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INVENTORY MANAGEMENT (Five costs that involved in inventory management (…
INVENTORY MANAGEMENT
:star:Inventory management is the supervision of non-capitalized assets (inventory) and stock items.
:star:A component of supply chain management, inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale.
:star: A key function of inventory management is to keep a detailed record of each new or returned product as it enters or leaves a warehouse or point of sale Inventory control, a similar term, is the area of inventory management that is concerned with minimizing the total cost of inventory while maximizing the ability to provide customers with product in a timely manner.
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