Before getting into details about ERP inventory management we have to understand what is inventory management and why do we need it?
The fact or process of ensuring that appropriate amounts of stock are maintained by a business, so as to be able to meet customer demand without delay while keeping the costs associated with holding stock to a minimum. This also kind of explains why it is necessary don’t it. If you don’t ensure that appropriate amount of stocks are maintained it will lead to delay in getting the product to the customer endangering the organization future image. So we know n...
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