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What is Effective Inventory Management Strategies about?

Proper inventory management is important for manufacturing and trading concerns. Inventory includes raw materials, consumable spares, work in progress, and finished goods. Objectives of managing inventory are to ensure regular supply of raw materials, uninterrupted operations, minimum work in progress, adequate finished goods for sales, and minimum inventory costs. Techniques for effective inventory management include ABC analysis, fixing appropriate stock levels, economic order quantity purchases, coordina

Author

Mayank Agrawal

Language

EN