Press Releases from Outsourcing Rebate Processing (1 total)
Inventory Management System maintain the balance of supply and demand
Inventory management systems help a firm in managing the flow of raw materials, semi-finished and finished products, and provide the staff to co-ordinate various activities for effective inventory management.
There are three basic reasons for keeping an inventory:
- For time saving
- Inventories are maintained as buffer to meet uncertainties in demand, supply and movements of goods.
- Balance of supply and demand
Inventory management systems do not make decisions directly, but help the employees to make…
