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TUTORIAL 4 INVENTORY MANAGEMENT (THE BASICS IN INVENTORY MANAGEMENT…
TUTORIAL 4
INVENTORY
MANAGEMENT
1.DEFINITION OF INVENTORY
MANAGEMENT
Inventory management is the supervision of non-capitalized
assets (inventory) and stock items.
inventory management supervises the flow of
goods from manufacturers to warehouses and from
these facilities to point of sale
THE BASICS IN INVENTORY MANAGEMENT
PLAN
1.Push
Pull
LOCATION
Drop Ship
On Site
Off Site
IDENTITY
ID Label
Stock Keeping Unit
Unit Of Measurement
RECORD
Paper
3.COSTS THAT
INVOLVED IN INVENTORY
Facility cost
Human resource cost