6 Factors Influencing The Effectiveness Of Inventory
Even with the best management and control, the effectiveness of inventory can, and does, fluctuate. When you know about the variables that affect the various processes involved, you can better anticipate and mitigate their effects.
The following 6 factors influence the effectiveness of inventory and are the most important ones to be aware of:
- Type of Products
- Supplier Reliability
- Lead Time of Orders
- Differences In Management
- Finances
- External Factors
After taking a closer look at them, we’ll explore a few basics of inventory control…
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