Explain the meaning of the category of inventory

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Describe the meaning of the category of inventory and explain why it is critical to manage each element. Explain why accurate forecasting is so important to sales enhancement, customer satisfaction, and cost control. Identify the number of units to purchase for the new distance measurement device based on the economic order quantity.Identify the number of orders per year that must be made to take advantage of the economic order quantity

Reference no: EM13115567

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