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What is Inventory Control?
Inventory Control:
Scope and importance of Inventory Control: It is the scientific method of determining how much stock is maintained so as to meet the production demands and be capable to offer right type of material at right time within the right quantities and at competitive prices.
Stock out cost means the cost associated with not serving the customers. Stock outs imply shortages. If the stock out is internal ( that is in the production system) it woul
Primary activities of a Hotel in value chain analysis.How a big hotel performs them?
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