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INVENTORY MANAGEMENT (Explain five costs involved in inventory management,…
INVENTORY MANAGEMENT
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3 SERVICE CLASS
- Critical: Emergency stocks
- Non-critical: Already have stocks, wait to be delivered
- Non-schedule: Custom, produce when have order from customers
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DEFINITION
- Supervised the flow of goods from manufacturer to warehouse and from these facilities to the point of sale.
- The practice of controlling of ordering, storage and theuse of components that has use in the productions.