A major objective of inventory models is to minimize inventory costs.

Name: A major objective of inventory models is to minimize inventory costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The primary goal of inventory models is indeed to minimize inventory costs by optimizing order quantity, reorder point, and other relevant factors. This helps businesses maintain sufficient stock levels while preventing stockouts and avoiding excess inventory that can lead to wastage, obsolescence, and increased holding costs.

A Major Objective of Inventory Models Is to Minimize Inventory