The primary goal of inventory management is to minimize the:
A)number of orders per year.
B)average inventory level.
C)total costs of holding inventory.
D)level of inventory for the most expensive items.
E)total opportunity costs.

Question

Quizplus · Accepted Answer

The primary goal of inventory management is to minimize the total costs of holding inventory, which includes costs related to storage, insurance, and obsolescence, while ensuring that customer demand is met efficiently.

The Primary Goal of Inventory Management Is to Minimize The