Question: 1. What is the definition of inventory management? 2. Why is proper inventory management important? 3. Explain the different methods used to value inventory.

1. What is the definition of inventory management?
2. Why is proper inventory management important?
3. Explain the different methods used to value inventory.

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Lets answer the provided questions one by one in detail 1 Definition of Inventory Management Inventory management refers to the systematic approach to sourcing storing and selling inventoryboth raw ma... View full answer

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