Term inventory and major reasons for holding inventories

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Reference no: EM132250076

Define the term inventory and list the major reasons for holding inventories; and list the main requirements for effective inventory management. Discuss the nature and importance of service inventories with periodic and perpetual review systems. Identify the objectives of inventory management. Describe reorder point models and solve typical problems. Describe situations in which the single period model would be appropriate and solve typical problems.

Reference no: EM132250076

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