Management of Inventories Is a Major Interest of Purchasing Managers

question 26

True/False

Management of inventories is a major interest of purchasing managers.In many industries, the investment in inventories comprises a substantial share of the firm's assets. If the productivity of the inventory asset can be enhanced, the improvement will go directly to the bottom line.

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Definitions:

Effectiveness

Effectiveness is the degree to which something achieves its intended outcome or results in a successful, desired effect.

Developing Group

The process of forming and establishing a group with common goals or interests.

Observational Measures

are methods of assessing behavior or phenomena as they naturally occur without manipulation or intervention by the observer.

Products

Items or goods that are manufactured, grown, or refined for sale.