To reduce the cost of holding too much inventory,many companies have implemented:

Question

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Just-in-time inventory control focuses on minimizing inventory levels and only ordering or producing goods as needed, which helps to reduce inventory holding costs. ABC inventory management and maximum inventory management may help with controlling inventory levels, but they do not necessarily address the issue of holding costs. First-in, last-out inventory control is a method for managing the flow of inventory, but it may not necessarily reduce holding costs either.

To Reduce the Cost of Holding Too Much Inventory,many Companies