Inventory management: Difference between revisions
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imported>Doug Williamson (Link with Inventory turnover ratio page.) |
imported>Doug Williamson m (Add category.) |
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* [[Just in case]] | * [[Just in case]] | ||
* [[Just in time]] | * [[Just in time]] | ||
[[Category:The_business_context]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 15:01, 8 October 2020
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.
