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What is Inventory Management in Supply Chains about?

This document provides an overview of supply chain and inventory management. It discusses key inventory management concepts like inventory types, costs, control systems, economic order quantity models, reorder points, and classification systems. The main points covered are: inventory includes raw materials, work-in-progress, and finished goods; the costs associated with inventory are ordering, carrying, and shortage costs; ABC analysis classifies inventory into A, B, and C categories based on annual consump

Author

Mohammad Zaffar Khan

Language

EN