Purpose of Inventory Management

INVENTORY MANAGEMENT must tie together the following objectives ,to ensure that thereiscontinuitybetweenfunctions: •Company’sStrategicGoals •SalesForecasting •Sales&OperationsPlanning •Production&MaterialsRequirementPlanning. Inventory Management must be designed to meet the dictates of...

Perpetual vs. periodic inventory system

The perpetual inventory system requires the maintenance of records called stock cards that usually offer a running summary of the inventory inflow and outflow. Inventory increases...
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