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Inventory management and order fulfillment

We have taken the time to list a website about managing inventory for your company. Please take your time to browse around.

An important task of working-capital management is to ensure that inventories are incorporated into the firm's planning and budgeting process. Inventory management is sometimes, the level of inventory reflects the orders received by the general manager of the plant without serious analysis as to the need for the materials or parts. This lack of planning can be costly for the firm, either because of the carrying and financing costs of excess inventory or the lost sales from inadequate inventory. The inventory requirements to support production and marketing should be incorporated into the firm's planning process in an orderly fashion.

The first component of an inventory database deals with the movement of individual items and the second component of inventory management data involves information needed to make decisions on rendering or replenishing the items.

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