Discuss the primary objective of Cash? Receivable and Inventory Management tools.
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The objectives of inventory management are of twofold: The operational objective is to uphold enough inventory, to meet demand for product by efficiently organizing the firm's production and sales operations. Financial interpretation is to minimize unproductive inventory and reduce inventory, carrying costs.
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The primary purpose of the statement of cash flows is to provide information about cash receipts, cash payments, and the net change in cash resulting from the operating, investing, and financing activities of a company during the period.
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