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Role of Inventory in the Supply Chain Overstocking: Amount available exceeds demand –Liquidation, Obsolescence, Holding Understocking: Demand exceeds amount
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Independent Demand Inventory 1. Inventory Firms ultimately want to sell consumers output in the hopes of generating a profit. Along the way to having
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11DSCI4743 Inventory Fundamentals What is inventory? –Materials & supplies that a business carries either for sale or to provide inputs to the production
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