The overall objective of inventory management is to achieve satisfactory levels of customer service while keeping inventory costs reasonable.

Name: The overall objective of inventory management is to achieve satisfactory levels of customer service while keeping inventory costs reasonable.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Inventory management aims to balance the need for product availability against the costs of holding and managing inventory, ensuring that customer demand is met efficiently and cost-effectively.

The Overall Objective of Inventory Management Is to Achieve Satisfactory