overriding goal of inventory management is to ensure that the firm never suffers a stock-out, i.e., never runs out of an inventory item.

Name: overriding goal of inventory management is to ensure that the firm never suffers a stock-out, i.e., never runs out of an inventory item.
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Question

Quizplus · Accepted Answer

The overriding goal of inventory management is to balance having enough inventory to meet customer demand while minimizing costs, not just to avoid stock-outs.

Overriding Goal of Inventory Management Is to Ensure That the Firm