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Why inventory managers need to understand inventory value

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Often, businesses focus on inventory management from a supply chain perspective – holding enough stock to meet customer demand and hitting fulfillment targets. This post, however, will focus on the financial aspect of inventory: inventory value – taking an accountant’s view of how to manage stock effectively.

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10 Inventory Control Techniques That Are Evergreen

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Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

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Inventory Management Techniques That You Need to Know About

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Not Another List of Inventory Management Techniques. I want to start by saying that this is not an exhaustive list of all the possible inventory management techniques available for all industries. So you won’t find a customary listing of the Last-In, First-Out method. What Should You Care About Inventory Management?