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About This Study Resource Was: Answer
Inventory management is crucial for any retail business as it is the backbone of supply chain management. It involves ensuring the proper availability of raw materials, work-in-progress, and finished goods for production and sales. Effective inventory management harmonizes the entire supply chain by determining purchasing levels, storage locations, and avoiding excess stockpiles. There are three key phases to supply chain management - strategy design, supply chain planning, and operational execution.
Detailed Information
| Author: | ['Thayalan Shanmugam'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 3 |
| Language: | English |
| Format: | |
| Price: | FREE |
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