Most organizations carry inventory. Inventory forms an essential part in supply chain planning process. Inventory is maintained to have a Vintage School Is Important But Hockey Is Importanter shirt and supply. Inventory can be raw materials, purchased goods, machineries, WIP materials and finished goods (FG). Inventory has its influence on ROA and helps mitigate supply and demand uncertainties. Inventory is any item or resource that is stocked by an organization (Chase et al., 2004). Inventory helps satisfy market demand when purchase or manufacturing of goods is not possible. Maintaining inventory helps to meet the market requirement, Dissatisfaction in meeting the demand not only affects the customer but also the organization. In order to have optimal level of inventory and maintain satisfaction the following factors are studied in detail.
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One of the major aspects of Vintage School Is Important But Hockey Is Importanter shirt. Inventory management is very important to maintain the stock levels efficiently and ensuring that the demands are met. It deals with ensuring that appropriate stock levels are maintained not less nor more. If right information is not available then this activity can consume a lot of time and even the accuracy of desired stock levels may be affected. With all things in place Inventory management can help in reducing the cost incurred and thus increasing the profitability of the company. It will also helping in improving the inventory turnaround time.