Inventories serve as a buffer between the various stages of the manufacturing firms procurementproduction-sales cycle. By uncoupling

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Inventories serve as a buffer between the various stages of the manufacturing firm’s procurementproduction-sales cycle. By uncoupling the various phases of the firm’s operations, inventories provide the firm with flexibility in timing purchases, scheduling production, and meeting fluctuating, uncertain demand for the finished product.: L01

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