Inventory Control Manager Question: Download Inventory Control Manager PDF

Tell me why is inventory management so important?

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Answer:

Inventory management is important so that the influx of supplies and equipment can be handled according to the company’s requirements. It is also imperative to ensure that inventories are handled properly so that everything within an organization is accounted for.

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Explain me do I need to recompute stocking costs for the EOQ level?Tell me how to determine the frequency for ordering and inventory production if it's not set solely by factories or the supply organization?