What is a method of developing and maintaining an adequate assortment of materials or products to meet a manufacturer's or a customer's needs?

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Quizplus · Accepted Answer

An inventory control system is specifically designed to develop and maintain an adequate assortment of materials or products to meet a manufacturer's or a customer's needs. By regularly tracking inventory levels and ordering new products when needed, businesses can ensure that they always have the right products on hand to meet demand without wasting resources on excess inventory or running out of stock. Direct sourcing, warehousing, and contract logistics are all important parts of the supply chain and can contribute to effective inventory management, but they do not specifically focus on the task of developing and maintaining an adequate product assortment.

What Is a Method of Developing and Maintaining an Adequate