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According to Investopedia (2014), inventory management is defined as the controlling of the ordering, storage and use of stock or components in the production of
According to Investopedia (2014), inventory management is defined as the controlling of the ordering, storage and use of stock or components in the production of products in order to create finished goods to sell". Based on the statement you have just read, outline, and describe the five (5) critical factors as to why companies hold inventory.(30)
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