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  • Inventory Management: Supplement: Just-In-Time Systems

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    kherry
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    Inventory management involves controlling stock levels to balance costs of holding excess inventory against risks of stock-outs. Just-in-time systems aim to reduce inventory costs by receiving goods only as needed to minimize storage while still meeting production demands. Effective inventory management requires understanding different inventory types and their associated costs to select appropriate inventory models.

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    Inventory Management

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    Inventory management involves controlling stock levels to balance costs of holding excess inventory against risks of stock-outs. Just-in-time systems aim to reduce inventory costs by receiving goods only as needed to minimize storage while still meeting production demands. Effective inventory management requires understanding different inventory types and their associated costs to select appropriate inventory models.

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    4 views33 pages

    Inventory Management: Supplement: Just-In-Time Systems

    Uploaded by

    kherry
    Inventory management involves controlling stock levels to balance costs of holding excess inventory against risks of stock-outs. Just-in-time systems aim to reduce inventory costs by receiving goods only as needed to minimize storage while still meeting production demands. Effective inventory management requires understanding different inventory types and their associated costs to select appropriate inventory models.

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    of 33

    INVENTORY MANAGEMENT

    SUPPLEMENT:
    JUST-IN-TIME SYSTEMS
    INVENTORY MANAGEMENT

    INVENTORY INVENTORY CONTROL

    NATURE INVENTORY COST

    INVENTORY MODEL
    INVENTORY

     Stock of store of goods


    INVENTORY

    TYPES

    FUNCTIONS

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