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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