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An effective counselor maintains that:
Cycle-Counting Personnel
Employees responsible for periodically counting inventory items to ensure accuracy without interrupting daily operations.
Inventory Holding Cost
The total cost incurred by holding inventory, including storage, insurance, spoilage, and opportunity costs.
Carrying Costs
Expenses associated with maintaining inventory, including storage, insurance, and opportunity costs.
Cycle Counting
An approach to stock audit where a limited selection of the inventory at a defined site is enumerated on a chosen date.
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