Industrial EngineeringMechanical Engineering

Inventory Control

The item which are either stocked for sale or they are in process of manufacturing or they are in the form of material which are yet to be utilized.

Reasons to Keep Inventories

• To stabilize production
• To take advantage of price discount
• To meet demand during replenishment
• To prevent loss of order

Important Costs Associated With Inventories

 Inventory costs

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