CHAPTER 4

Inventory Management

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Chapter Objectives

Define inventory management

Explore the implications of inventory management to the supply chain

Discuss the tools and techniques used in inventory management

Explore factors that directly affect inventory management

Focus on practice

Applied inventory management review using mini-cases

Examine trends in inventory management

Learn from an economic order quantity example

It is very important for a company to successfully manage its inventory using all the techniques that it has available and those the firm sees fit for its type of business. By doing this, the company can lower costs ...

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