Inventory management: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Link with Inventory turnover ratio page.) |
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* [[Consignment stock]] | * [[Consignment stock]] | ||
* [[Inventory]] | * [[Inventory]] | ||
* [[Inventory turnover ratio]] | |||
* [[Just in case]] | * [[Just in case]] | ||
* [[Just in time]] | * [[Just in time]] | ||
Revision as of 10:02, 31 May 2017
In simple terms, if inventory levels are too high, significant investment and storage costs will be incurred.
But if inventory levels are kept too low, the chance of inventory running out and lost sales will increase.
Effective inventory management - among other things - identifies an appropriately balanced level of inventory.
