From a general perspective, the objective of inventory control is to __________.
A) not run out of inventory
B) eliminate the need to carry safety stock inventory
C) balance the cost of carrying inventory with the cost of lost sales
D) smooth out production schedules for maximum efficiency
E) respond to pressure from competitors when necessary

Question

Quizplus · Accepted Answer

The primary objective of inventory control is to balance the cost of carrying inventory with the cost of lost sales, ensuring that there is enough inventory to meet demand without incurring unnecessary costs.

From a General Perspective, the Objective of Inventory Control Is