Information technology and Inventory management: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Doug Williamson (Add link.) |
imported>Administrator (CSV import) |
||
| Line 1: | Line 1: | ||
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. | |||
== See also == | == See also == | ||
* [[ | * [[Inventory]] | ||
* [[ | * [[Just in case]] | ||
* [[ | * [[Just in time]] | ||
Revision as of 14:19, 23 October 2012
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.
See also
