What is Inventory management?
Inventory management:-
Inventory management may be defined
as a scientific method of finding out now much stock should be maintains in
order to meet the production demands and be able to provide right type of
material at right time in right quantity.
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Inventory management process:-
The Inventory management is very complex process for larger organization. In inventory management goods are delivered into the receiving area of a warehouse in the form of row materials or components are put into stock areas.Importance of inventory management:-
The value of Inventory management cannot be overstated for any goods-based business. Because inventory management benefits your operational efficiency longevity. |
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Inventory management types:-
VED Analysis,
ABC Analysis,
FSN Analysis,
HML Analysis,
SDE Analysis
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