____ involves managing inventories in such a way as to minimize inventory costs, including both holding costs and potential stock-out costs.
A) Physical distribution
B) Materials handling
C) Order processing
D) Warehousing
E) Inventory management

Question

Quizplus · Accepted Answer

The given description is about inventory management. It deals with managing inventory levels and minimizing costs associated with storing excess inventory while also ensuring that there is enough inventory to meet demand and avoid stockouts.

____ Involves Managing Inventories in Such a Way as to Minimize