What Is Inventory Control?

1.	What Is Inventory Control?
Answer» Inventory control is the PROCESS of reducing inventory costs while remaining responsive to CUSTOMER demands. By this definition a STORE would want to lower its ACQUISITION, carrying ORDERING and stock-out costs to their lowest possible levels. However a store would need to have enough inventories to meet any needs of its customers. Inventory control is the process of reducing inventory costs while remaining responsive to customer demands. By this definition a store would want to lower its acquisition, carrying ordering and stock-out costs to their lowest possible levels. However a store would need to have enough inventories to meet any needs of its customers.

Answer»

Inventory control is the PROCESS of reducing inventory costs while remaining responsive to CUSTOMER demands. By this definition a STORE would want to lower its ACQUISITION, carrying ORDERING and stock-out costs to their lowest possible levels. However a store would need to have enough inventories to meet any needs of its customers.

Inventory control is the process of reducing inventory costs while remaining responsive to customer demands. By this definition a store would want to lower its acquisition, carrying ordering and stock-out costs to their lowest possible levels. However a store would need to have enough inventories to meet any needs of its customers.

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