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reword the following In the manufacturing industry, effective inventory control is crucial for maintaining a seamless production process and ensuring that customer demands are met
reword the following In the manufacturing industry, effective inventory control is crucial for maintaining a seamless production process and ensuring that customer demands are met without excessive inventory costs. A Management Information System (MIS) specifically designed for inventory control can provide significant advantages by automating and optimizing inventory management. This paper discusses the implementation of a MIN/MAX System Display as a key component of an Inventory Control MIS. What is a MIN/MAX System? A MIN/MAX system is a method of inventory management that establishes minimum (MIN) and maximum (MAX) inventory levels for each item in the inventory. This system ensures that the inventory levels are maintained within these predefined thresholds, preventing both stockouts and overstock situations
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