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INVENTORY MANAGEMENT (5 COSTS THAT INVOLVED :smiley: (FACILITY COST (It is…
INVENTORY MANAGEMENT
DEFINITION :smiley:
As 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.
The 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 management is the supervision of non-capitalized assets, which is referred to inventory and stock items.
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