Most businesses have some form of inventory. Especially in the retail and manufacturing industries, inventory can be a very significant portion of short term assets. Why is it so important to manage inventory carefully?
Proper mangement of inventory ensure that a business meet unexpected demand, smoothing seaning demand, and taking advantage of price discounts. Also, businesses hold inventory to avoid fluctuating prices of inventories and get higher discounts.
Jun 2nd, 2015
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