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Inventory control (JIT control (Same time as they are needed, Relationship…
Inventory control
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lower holding cost, flexibility, response customer's needs, no obsolete inventory, closer relationship, receive goods timely manner
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Inventory checks, procedures, lead times & demand can vary
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Ordering cost, saving on purchase price
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Manuf
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FIFO, LIFO, av cost TC/TU, st cost, mar pri p8 regs
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Storage & handling costs, financing cost, theft, opportunity cost