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Organizations maintain inventory primarily to ensure they can meet customer demand without delays, allowing for smoother operations and improved customer satisfaction. Additionally, inventory acts as a buffer against supply chain disruptions and fluctuations in demand, helping to stabilize production and sales. It also enables businesses to take advantage of bulk purchasing discounts and manage seasonal variations in demand more effectively. Lastly, having inventory on hand can enhance operational flexibility and responsiveness in a competitive market.
What else can I help you with?
What is an organization's most valuable commodity?
b) personnal morale or c) time a) computer inventory d) telephones service
Why did price of sugar increase?
The main reason of increasing the rate of sugar day day is only the black marketing. There are other reason also but the main reason is that the big whole seller store sugar in bulk at their warehouses, and it lead to rise in the price of sugar......
Explain inventory Management policies?
what is definition of inventory? what is the difference between inventory and asset?
What are the main reasons companies import goods?
one reason is that its cheaper.
The main reason for recession in the US during 2008?
mortage crisis
what was the main reason for the expedition?
The main reason for the expedition was to explore and discover new lands, resources, and trade routes. It was also driven by a desire for wealth, power, and prestige for the sponsoring country or organization.
What Is Meant by the Term Inventory in a organization?
The term \"inventory\" in an organization is the count of product or items. It helps keep track of items going in and out of a particular place.
What is the best method of inventory and why?
Just in time is the best inventory management system. With just in time, the organization doesn't house inventory which saves them money.
What are the advantages of inventory control to a health care organization?
1- Inventory reduces loss in business. 2- Inventory also stops theft of matirials or products.
What type of research is conducted during the course of the inventory to determine the reason for inventory discrepancies?
conclusive
What type of research is conducted during the course of inventory to determine the reason for inventory discrepancies?
conclusive
Define inventory shrinkage?
Inventory shrinkages occurs when good disappear from a company's inventory for an unknown reason. For example employee theft or damage.
History of inventory system?
The history of inventory systems depends on the type of inventory system being discussed. There are two main types of inventory systems, the perpetual inventory system and the periodic inventory system.
Why do you need to keep inventory?
to maintain the risk of demand uncertainity in an organization
What is the definition of human resource inventory?
Human Resources Inventory is an inventory of skills of human resources currently employed in the organization. It tells management what individual employees can do. The profile of the human resource inventory can provide information for identifying current or future threats to the organization's ability to perform .It is necessary for a firm to identify the current capability and skills of their employees
How do you get to your main inventory on gaia online?
Log in, Click on Shortcuts then Inventory :) Another way is just log in then make the url: www.gaiaonline.com/inventory
What are the various factors that influence the size of inventory in an organization?
The size of inventory in an organization is influenced by several factors, including demand variability, lead times, and production schedules. Seasonal fluctuations in demand can lead to increased inventory levels to ensure product availability. Additionally, the organization's supply chain efficiency, cost of holding inventory, and the balance between stockouts and overstocking also play critical roles. Lastly, market trends and economic conditions may prompt adjustments in inventory levels to align with consumer preferences and competitive pressures.
