inventory
DESCRIPTION
Inventory (stock) refers to the goods held by a company for the purpose of production, sale or even support activities.TRANSCRIPT
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Inventory
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What is Inventory?
Inventory (stock) refers to the goods held by a company for the purpose of production, sale or even support activities.
Most times, inventory is the largest of the current assets held by a company.
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Inventory Management
Through inventory management, a company ensures that it has the products it needs on hand and that costs are kept as minimal as possible.
Inventory management is not just a key component of managing a company's supply chain, but is also a key driver of profit.
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Inventory Management Strategies
• Just-in-time method • Materials requirement planning
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