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MGSC 395 Final Exam | Questions & 100% Correct Answers (Verified) | Latest Update | Grade A+
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inventory management : the planning and controlling of inventories in order to meet the competitive priorities of the organization inventory : a stock of materials used to satisfy customer demand or to support the production of services or goods pressures for small inventories : -inventory holding cost -cost of capital -storage and handling costs -taxes -insurances -shrinkage pressure for large inventories 2 | P a g e : - customer service -ordering cost -setup cost -labor and equipment ultilization -transportation cost -payment to suppliers types of inventory : 1. raw mater
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