2007-09-12 08:13:57 · 3 answers · asked by cute 1 in Business & Finance ➔ Other - Business & Finance
An efficient inventory mgt means you hold just enough inventory in your warehouse to ensure you can meet sales, but not so little that you run into "stock-outs" where you lose sales (and hence profitability) cos you've no inventory left to sell. You can also lose customer goodwill, and they may never come back. On the other hand, holding too much inventory ties down your cash (drains your liquidity) which you can do something else with. Having a good and accurate sales forecast is part of efficient inventory mgt.
2007-09-13 03:57:24 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋
Hurrah, that's what I was searching for! Thanks to author of this question.
2016-08-24 15:40:14 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Not sure about this
2016-07-30 03:02:53 · answer #3 · answered by ? 3 · 0⤊ 0⤋
what does this question wants?
2016-01-12 06:38:54 · answer #4 · answered by Enock 1 · 0⤊ 0⤋