Why is inventory an important consideration for managers

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Reference no: EM131927019

Question: 1. Why is inventory an important consideration for managers?

2. What is the purpose of inventory control?

3. Why wouldn't a company always store large quantities of inventory to eliminate shortages and stockouts?

4. Describe the major decisions that must be made in inventory control.

5. What are some of the assumptions made in using the EOQ? 6 Discuss the major inventory costs that are used in determining the EOQ.

Reference no: EM131927019

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