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What is Managing Inventory Systems and Techniques about?

This document discusses key concepts for managing inventory, including: - Inventory is an expensive asset for many companies that needs to be carefully managed. - The economic order quantity model aims to minimize total ordering and holding costs. - The basic issues are how much to order and when to order, and inventory includes raw materials, work in progress, finished goods, and maintenance materials. - ABC analysis classifies inventory based on annual dollar volume to focus on the most important items.

Author

Putri Amandhari

Language

EN