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What is Inventory Control and Management Strategies about?

Vijesh Kumar presents on inventory control. Inventory control aims to balance minimizing investment in inventory while maximizing customer service. It determines the optimal level of stock to meet production demands. Inventories are held to improve customer service by reducing costs and contributing to efficient operations. However, holding inventory also increases certain costs. Inventory levels include maximum, minimum, reorder, and danger levels set based on factors like usage and lead times. The ABC cla

Author

VijeshViju

Language

EN