Inventory is a collective term for goods or stocks that businesses hold for production, processing, and re-sale. Inventory is mainly of three types – raw materials, work-in-progress, and finished goods. The inventory investment is quite high especially in capital intensive, manufacturing, wholesale, and retail business sectors. A major portion of a firm’s working capital is…
The post 10 Objectives of Inventory Management Explained in Detail appeared first on ZapERP Inventory Blog.
