Inventory control
- Created by: noe
- Created on: 31-03-20 10:27
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- INVENTORY CONTROL
- Inventory
- Raw materials and components
- Work-in-progress (semi-finished goods)
- Finished goods
- Factors influencing inventory levels
- Demand
- Stockpile goods for certain periods of the year
- Cost of inventory holding
- Amount of working capital available
- A business short of it may not be able to purchase more inventory
- Type of inventory
- Lead time (time taken between placing the order and delivery of goods)
- The longer the lead time, the more inventory needed
- External factors
- Fear of future shortages might cause firms to hold higher levels of inventory
- Inventory
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