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What is Costs and Benefits of Inventory Management about?

This document discusses the costs and benefits of inventory management and how it relates to capacity planning, ERP systems, and forecasting. It outlines the main costs of inventory management as purchase costs, carrying costs, ordering costs, and shortage costs. The benefits are listed as increased sales, transparency of information, reduced lead times, lower costs, improved customer service, more accurate planning, and increased customer loyalty. It then explains how inventory management can help capacity

Author

Sushobhan

Language

EN