Jul 18, 2017 Research papers

Why is inventory management important within your context whether that is military or government?

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Discussion: Government

INSTRUCTIONS:

Inventory Management is the process of managing the timing and the quantities of goods to be ordered and stocked, so that demands can be met satisfactorily and economically. Inventories are accumulated commodities waiting to be used to meet anticipated demands. Inventory control policies are decision rules that focus on the trade-off between the costs and benefits of alternative solutions to questions of when and how much to order for each different type of item. 



Why is inventory management important within your context whether that is military or government? Discuss the varying roles of this function and the potential impact on your job (where appropriate).

CONTENT:

Inventory Management Institution Date Inventory management plays a critical role in enabling the service provides to monitor the demands of commodities thus enhancing satisfaction to customers. According to Kleber (2006), efficient stocking is greatly influenced by the flow of goods and services offered to the target group. For inst

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