What is the goal of inventory control?

Question

Quizplus · Accepted Answer

The goal of inventory control is to minimize inventory levels while maintaining an adequate supply to meet customer demands. This helps to reduce holding costs and the risk of obsolescence, theft, and damage. It also helps to determine the order timing and quantity. Maximizing inventory levels (B) is not a goal as it increases holding costs and ties up capital, and there is always a possibility of stock-outs. JIT (D) is a technique used for inventory management, but it is not the goal of inventory control.

What Is the Goal of Inventory Control