What is the goal of inventory management?
A) to always buy the cheapest raw material
B) to buy as much as possible
C) to hold as much as possible in stock
D) to hold down costs and maintain accurate levels of inventory

Question

Quizplus · Accepted Answer

The goal of inventory management is not to always buy the cheapest raw material or to just buy as much as possible, but rather to hold down costs and maintain accurate levels of inventory. This ensures that a business has enough inventory to meet customer demand, while minimizing the cost of holding excess inventory.

What Is the Goal of Inventory Management