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Inventory holding cost are those associated with storing unsold inventory which may include storage costs, labour, equipment, and insurance incurred to manage the unsold goods
Inventory holding cost are those associated with storing unsold inventory which may include storage costs, labour, equipment, and insurance incurred to manage the unsold goods and risk of loss due to obsolescence or pilferage. To manage inventory holding costs, questions on What, Where, When, How much and How often are often considered. Explain how these questions help manage inventory holding costs. You may cite an example to support your explanation.
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