Explain type of control of require in inventory management
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INVENTORY TYPES. Inventory is defined as a stock or store of goods. ... If the firm is a manufacturer, it must maintain some inventory of raw materials and work-in-process in order to keep the factory running. In addition, it must maintain some supply of finished goods in order to meet demand.
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=) Inventory management is a vital capacity that decides the wellbeing of the production network just as the effects the money related soundness of the asset report . Each association always endeavors to keep up ideal inventory to have the capacity to meet its necessities and maintain a strategic distance from over or under inventory that can affect the money related figures .
Inventory is constantly powerful. Inventory management requires steady and cautious assessment of outer and inside elements and control through arranging and survey . The vast majority of the associations have a different office or employment work called inventory organizers who constantly screen, control and audit inventory and interface with generation , acquirement and fund divisions .
=) Inventory management is a vital capacity that decides the wellbeing of the production network just as the effects the money related soundness of the asset report . Each association always endeavors to keep up ideal inventory to have the capacity to meet its necessities and maintain a strategic distance from over or under inventory that can affect the money related figures .
Inventory is constantly powerful. Inventory management requires steady and cautious assessment of outer and inside elements and control through arranging and survey . The vast majority of the associations have a different office or employment work called inventory organizers who constantly screen, control and audit inventory and interface with generation , acquirement and fund divisions .
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