Complete Short Mgt Disc (AIU)

Business Finance

Please discuss the following items that you feel are important to understanding and managing your inventory situation.

  1. What are the types of cost that might be associated with your inventory?
    1. Carrying Costs
    2. Procurement Costs
    3. Out of stock Costs
  2. Which of the three main Inventory philosophies (Push, Pull, JIT) do you feel would be most beneficial to your situation? (Please explain why)
  3. What are some of the reasons that you would like to build up, or reduce, the inventories in your store? (Please explain why.)
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