n operations, supply chain, procurement, and material management courses, there is a strong emphasis on inventory management and its impact on working capital. In these courses, including BUSI 2405, there are a number of models and formulas used to predict the consumption of material and/or goods. Assuming these are good models and formulas for inventory management, why do so many organizations lose quite a bit money due to obsolete or dated inventories? In other words, with all of the courses, seminars, and etc, that are available to operations personnel, why is it often not well managed (and consequently more costly) in real-world practice?

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