The key to managing inventory is to balance the costs of carrying larger inventories against resulting sales and profits.

Name: The key to managing inventory is to balance the costs of carrying larger inventories against resulting sales and profits.
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Question

Quizplus · Accepted Answer

This statement is true. Effective inventory management involves finding the optimal balance between the cost of holding inventory and the benefits of having enough inventory to meet customer demand, minimize stockouts, and maximize profits.

The Key to Managing Inventory Is to Balance the Costs