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Why is inventory management so important to an organisation?

Why is inventory management so important to an organisation?

Submitted by • November 16, 2020 interfacesense.com

For ease of management, inventory can be categorised depending on the type of business. If you are in the manufacturing and production business, then you deploy inventory to convert it into another form. Retail businesses on their own don’t stock up raw materials or unfinished goods; their main focus is to deliver completed products to their customers.

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Voted by karumanchinavyasri

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