A key factor in lowering manufacturing costs is inventory management-such as minimizing inventory errors and maintaining the optimal inventory level

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Inventory management plays a crucial role in lowering manufacturing costs as it helps to minimize inventory errors and maintain the optimal inventory level. This ensures that there is no overstocking or understocking, which can result in wastage of resources and loss of revenue. Efficient inventory management can also improve supply chain efficiency and reduce lead times, further contributing to cost savings. Hence, managing inventory effectively is a key factor in achieving cost efficiency in manufacturing operations.

A Key Factor in Lowering Manufacturing Costs Is Inventory Management-Such