Question

List down briefly the various inventory management techniques prevalent in the industry.

Answer 1

Answer:

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Inventory Management Techniques:-

• Economic order quantity.

• Minimum order quantity.

• ABC analysis.

• Just-in-time inventory management.

• Safety stock inventory.

• FIFO and LIFO.

• Reorder point formula.

• Batch tracking.

Answer 2

$\boxed{\mathfrak{Inventory \;management \:techniques\:}}$

$<b>Economic order quantity. ...$

$<b>Minimum order quantity. ...$

$<b>ABC analysis. ...$

$<b>Just-in-time inventory management. ...$

$<b>Safety stock inventory. ...$

$<b>FIFO and LIFO. ...$

$<b>Reorder point formula. ...$

$<b>Batch tracking.$