Question: Question 2 Stock or inventory should be maintained in order to meet the production demands and be able to provide right type of material at

Question 2

Stock or inventory should be maintained in order to meet the production demands and be able to provide right type of material at right time, in right quantities and at competitive prices.

Identify and explain the FIVE (5) specific objectives of inventory management.

Critically discuss your answer from the perspective of vendors for the automotive sector.

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