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Inventory Management (5 Cost That Involved In Inventory Management (Human…
Inventory Management
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3 SERVICE
CLASSES
Critical
It means that the products are needed immediately.
For example, medical or emergency.
Non Crital
It means that product a needed within a reasonable time , which is not necessarily
Schedule Delivery
This goods can be built or customised for particular customers and delivery according to a greater delivery time.
For example, furniture and some technological products
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Defination:
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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