The primary goals of inventory management do not include:
A)maintaining a sufficient quantity of inventory to keep customers satisfied.
B)maintaining sufficient quality of inventory to keep customers satisfied.
C)minimizing the costs associated with maintaining inventories.
D)minimizing the quantity of ending inventory.

Question

Quizplus · Accepted Answer

The primary goals of inventory management include maintaining sufficient quantity and quality of inventory to satisfy customers while minimizing the costs associated with maintaining inventories. However, minimizing the quantity of ending inventory is not a primary goal. In fact, having some ending inventory can help ensure that customer demand can be met without stockouts or delays in delivery.

The Primary Goals of Inventory Management Do Not Include