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Carrying Costs of Inventory

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Lessons List | 7 Lesson

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Novi Novi

educating 2024-03-21

Convertual Interlogic

very excited, and well explained 2024-03-17

Emmanuel Ameh

Great 2024-03-11

Tata Rao Tirumani

It's good explanation 2024-03-11

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Course Description

What are the 4 types of inventory? There are four main types of inventory: raw materials/components, WIP, finished goods and MRO.What are the methods of inventory management? Inventory Management Techniques Economic order quantity. ... Minimum order quantity. ... ABC analysis. ... Just-in-time inventory management. ... Safety stock inventory. ... FIFO and LIFO. ... Reorder point formula. ... Batch tracking.What is the main purpose of inventory management? The primary purpose of inventory management is to ensure there is enough goods or materials to meet demand without creating overstock, or excess inventory.