Question: ntroduction to Key Performance Indicators ( KPIs ) in Inventory Management: Define KPIs and their importance in assessing and measuring performance in inventory management. Discuss

ntroduction to Key Performance Indicators (KPIs) in Inventory Management:
Define KPIs and their importance in assessing and measuring performance in inventory management.
Discuss the role of KPIs in providing actionable insights to optimize inventory levels, reduce costs, and enhance operational efficiency.
Identify and categorize key performance indicators relevant to inventory management.

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