5 Answers
5 Answers
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inventory management is the goal of every inventory and production planner. It is a key of success of any organization. Over inventory or under inventory both cause financial impact and health of the business as well as effect business opportunities. It is like a blood cells, deficiency of any kind of may be very dangerous to our body. So, mantain Inventory means healty organisation.
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Inventory is the Number and value of an Item holding to keep the production without stoppage and maintain a safety stock and a Re Order Point to fill the Minium Order Quantity.
How much to stock and when to Buy depends on Sales Forecast / Demand to fulfill the demand in Production. ( A balance to be maintained with a safety service level at each point of supply along the entire chain )Modal content
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Inventory Management plays key role in ecommerce, we should maintain inventory to manage and standard SOP's and SLA's. In this busy world,ecommerce plays major role to fullfill the customer to the last mile with prompt delivery. This can be done only with inventor. To increase business( B2B & B2C) inventory plays major role.Modal content
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Inventory for casting, customer satisfaction, quick display of goods, uninterrupted production & quality. Management these are all main scope of inventory management...Modal content
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