Inventory Management Assignment PDF

Running head: INVENTORY MANAGEMENT
Inventory management
Name of the student
Name of the university
Student ID
Author note

1INVENTORY MANAGEMENT
Table of Contents
Introduction......................................................................................................................................2
Answer (1).......................................................................................................................................2
Answer (2).......................................................................................................................................4
Answer (3).......................................................................................................................................5
Answer (4).......................................................................................................................................5
Conclusion.......................................................................................................................................7
Reference.........................................................................................................................................8

2INVENTORY MANAGEMENT
Introduction
Inventory management involves supervision of the non-capitalized assets and the stock
items. Implementation of effective integrated inventory control policy involves understanding of
the basic management process for inventories in addition to disciplined and effective application
for associated practices1.
Answer (1)
Analyzing the above table it can be stated that –
As part number 1236 is of high value, keeping nearly half year’s inventory is bad
practice. It will be resulted into huge value for the inventory carrying cost and eventually
1 Wild, Tony. Best practice in inventory management. Routledge, 2017.