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Lecture 5 Inventory Forms and Models
Lecture 5 Inventory Forms and Models
Physical stock of
items held in any
business for the
production or sales
Type of Inventory
Finished Product
Raw Material
In-Process
Finished Goods !
Inventory Planning
Determination of the type
and the quantity of
inventory items that
would be required at
future points for
maintaining schedules
Inventory Control
Primarily concerned
with the inventory
cost control
Two Important
Questions
How much to stock or
how much to buy?