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What Is an Inventory Control System? What Is the Objective

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Essay

What is an inventory control system? What is the objective of inventory management? What are two major decisions managers must make regarding inventory?


Definitions:

Dust Particles

Tiny fragments of solid material that are suspended in the air and can accumulate on surfaces.

Abnormal Condition

Any state of health that deviates from the normal or healthy condition.

Lung

A pair of spongy, air-filled organs located on either side of the chest responsible for gas exchange between the air and the bloodstream.

Abbreviation

A shortened form of a word or phrase used for convenience.

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