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What is the purpose of inventory control? |
Inventory management is a very simple concept - don't have too much stock and don't have too little. Since there can be substantial costs involved in straying above and below the optimal range, careful inventory management can make a huge difference in the profitability of a business. Although the concept is simple, the process of getting the right balance can be quite a complex and time consuming task without the right technology.
There are two fundamental questions that must be answered, in order to manage the inventory of any physical item - when to order and how much to order.
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First answer by Anonymous. Last edit by ID2585046092. Question popularity: 1 [recommend question]
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