4
Inventory Management
Learning Objectives
After reading this chapter, you will be able to answer the following questions:
- Why do firms carry inventory? What are the various types of inventory carried by an organization?
- What are the components of cost that are affected by inventory decisions?
- How can a firm reduce inventory in the organization?
- How do firms determine the optimum level of cycle stock in chain?
- How do firms decide on the required level of safety stock in chain?
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