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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2807 |
Essay's paper body
Inventory management and inventory control must be designed to meet the dictates of the marketplace and support the company's strategic plan. The many changes in market demand, new opportunities due to worldwide marketing, global sourcing of materials, and new manufacturing technology, means many companies need to change their inventory management approach and change the process for inventory control...
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Some of the new approaches and techniques are wrapped in new terminology, but the underlying principles for accomplishing good inventory management and inventory activities have not changed. The inventory management system and the inventory control process provides information to efficiently manage the flow of materials, effectively use people and equipment, coordinate internal activities, and communicate with customers...
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