What is the need for inventory holding in the purchasing and supply function. Give detailed examples to illustrate
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What is the need for inventory holding in the purchasing and supply
function. Give detailed examples to illustrate
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Solved in 3 steps
- Write an essay explaining the need for inventory holding in the purchasing and supply function. Use detailed examples to illustrate understanding.explain how an organisation can transform it's inventory management process to be proactive.Explain how inventory management impacts the supply chain performance ?
- When is the right time and placement for the business to produce or order products as their inventory? Is overstocking of products good for one company? Why?Why is inventory management important to the efficiency of the purchasingfunction?Using any business of choice, examine the stages of its purchasing cycle.This should be substantiated with practical examples.