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INVENTORY MANAGEMENT (3. Five costs that involved in inventory management,…
INVENTORY MANAGEMENT
1. Definition
inventory management supervises the flow of
goods from manufacturers to warehouses and from
these facilities to point of sale
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.
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