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THE NEED FOR EFFECTIVE AND EFFICIENT INVENTORY MANAGEMENT IN A MANUFACTURED COMPANY

ABSTRACT As the topic depicts, that is "the need for effective and efficient inventory management in a manufacturing organization, one will then say that manufacturing organizations really face inventory management problems of which the research writer tried to analyze and bring possible recommendations to that effect. The problems associated with inventory management includes: scarcity of raw materials, determination of optimal stock level, as well as the discrepancy between policy and ...

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