Question

explain the merits and limitations of Inventory management​

Answer 1

Explanation:

(i) Efficient inventory control methods can reduce but cannot eliminate business risk. (ii) The objectives of better sales through improved service to customer; reduction in inventories to reduce size of investment and reducing cost of production by smoother production operations are conflicting with each other.

Answer 2

• Efficient inventory control methods can reduce but cannot eliminate business risk.

• The objectives of better sales through improved service to customer; reduction in inventories to reduce size of investment and reducing cost of production by smoother production operations are conflicting with each other.

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