2007-05-10 12:04:02 · 4 answers · asked by rach5211 1 in Business & Finance ➔ Other - Business & Finance
Inventory management is to manage the stock effectively(not the stocks traded on the indices).
Effectively here is the key word - which means managing stock considering certain factors like not over dumping, calculating timings of transportation of the stock from the manufacturer's point to the warehouse, cost of storing, loss of business/ cost when running out of stock, prioritising stock - based on factors like fast moving, price and etc., , and so on.
Hope u get an idea.
2007-05-10 12:54:24 · answer #1 · answered by neetha 1 · 0⤊ 0⤋
Books have been written about this subject .. I suggest you read a few :-)
Try searching on Amazon ..
2007-05-10 22:22:54 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋
Are you talking asset management or warehousing?
2007-05-10 12:08:12 · answer #3 · answered by Del Piero 10 7 · 0⤊ 0⤋
record all stock movements.
2007-05-10 12:07:18 · answer #4 · answered by John S 4 · 0⤊ 0⤋