Question: Please answer the following question for forum #3: In operations, supply chain, procurement and material management courses, there is a strong emphasis on inventory management

Please answer the following question for forum #3: In 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 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 many organizations lose quite a bit money due to obsolete or dated inventories? Please comment on your thoughts and viewpoint concerning this

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