Question: What is INVENTORY management: 1) What are the different types of inventory and how are they used? 2) Why is inventory critical to manage for

What is INVENTORY management:

1) What are the different types of inventory and how are they used?

2) Why is inventory critical to manage for a company?

3) What can happen to a company if they have too much inventory?

4) What can happen to a company if they have too little inventory?

5) What are some of the methods companies can use to manage inventory?

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Inventory management is the process of overseeing and controlling the flow of goods into and out of a companys inventory It involves efficiently stori... View full answer

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