What Are The Objectives Of Inventory Control?

1.	What Are The Objectives Of Inventory Control?
Answer» To meet unforeseen future demand due to variation in forecast figures and actual figures. To average out demand fluctuations due to seasonal or cyclic variations. To meet the customer requirement timely, effectively, efficiently, smoothly and satisfactorily. To smoothen the PRODUCTION PROCESS. To FACILITATE intermittent production of several products on the same facility. To gain economy of production or purchase in lots. To reduce loss due to changes in prices of INVENTORY items. To meet the time LAG for transportation of goods. To meet the technological constraints of production/process.

Answer»

To meet unforeseen future demand due to variation in forecast figures and actual figures.
To average out demand fluctuations due to seasonal or cyclic variations.
To meet the customer requirement timely, effectively, efficiently, smoothly and satisfactorily.
To smoothen the PRODUCTION PROCESS.
To FACILITATE intermittent production of several products on the same facility.
To gain economy of production or purchase in lots.
To reduce loss due to changes in prices of INVENTORY items.
To meet the time LAG for transportation of goods.
To meet the technological constraints of production/process.

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