Inventory management is the last thing on people's mind when determine ways to save money. Reduction of inventory is not the only way to reduce inventory cost, but it is the main idea that comes to mind when costs need to be re-assess. This article will look in-depth into what makes and defines inventory cost.
Inventory management is a significant investment for any company. While a well implemented inventory strategy can raise company performance, the real truth of inventory is often misunderstood. This article identifies the simple questions that people have in regards to inventory investment, without risking the company's profit margins.