Inventory Manager Question:
Do you know what is inventory control?
Answer:
Inventory control is the process of reducing inventory costs while remaining responsive to customer demands. By this definition a store would want to lower its acquisition, carrying ordering and stock-out costs to their lowest possible levels. However a store would need to have enough inventories to meet any needs of its customers.
| Previous Question | Next Question |
| Explain me what makes EOQ work for inventory control? | Tell me how do you determine the numbers to use in the EOQ formula? |