Inventory control definition process principles and complete
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Answer:
Effective inventory control is founded on the principle that the warehouse operator must be able to satisfy all demands for material out of inventory while keeping inventory as low as possible. To fulfill this objective, inventory control systems need characteristics that allow companies to keep material secure and identified and functions that facilitate the satisfaction of demand. Inventory control systems that track material securely and predict demand accurately can satisfy the main principle.
the fact or process of ensuring that appropriate amounts of stock are maintained by a business, so as to be able to meet customer demand without delay while keeping the costs associated with holding stock to a minimum is known as inventory control.
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Answer:
Explanation:
Effective inventory control is founded on the principle that the warehouse operator must be able to satisfy all demands for material out of inventory while keeping inventory as low as possible. ... Inventory control systems that track material securely and predict demand accurately can satisfy the main principle.