Question: Efficient inventory management is important to a company mainly because of the position of inventory in the working capital cycle. Holding excess inventory can lead

Efficient inventory management is important to a company mainly because of the position of inventory in the working capital cycle. Holding excess inventory can lead to obsolescence and can seriously reduce a companys financial flexibility. Today, most manufacturing companies apply the ABC analysis as one of its inventory management strategies.

(a) Elaborate the FIVE (5) types of inventory in a manufacturing company in Malaysia.

PLEASE PROVIDE DETAILED ANSWER.MINIMUM 700 WORDS

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