Material Manager Question:
Download Questions PDF

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.

Download Materials Manager Interview Questions And Answers PDF

Previous QuestionNext Question
What does inventory affect in a store?What is an order quantity?