The Principal Objective of Inventory Management Is to Maximize Customer

question 33

True/False

The principal objective of inventory management is to maximize customer service levels by ensuring items are available at all times.

---

Definitions:

Services

Activities or functions that are offered either to meet the needs of customers or to support the operations of an organization, such as IT support, catering, and cleaning.

Minimum-Wage Acts

Laws that establish the lowest hourly wage that can legally be paid to workers.

Remuneration

Compensation or payment received for employment or services provided, including salary, wages, bonuses, and benefits.

Annual Salary

The total amount of money earned by an employee in a year from their job before deductions.