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Inventory Management (Basics in inventory management (Location (• On…
Inventory Management
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Three service level
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Non-critical
Product not necessary urgent, but needed in reasonable time
• Computer
Scheduled delivery
The product can be build customized for the customer & delivery on the great time
• Furniture
• Technology product
Definition
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.
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 tied up until the item sells.
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