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Strategic inventory control is the systematic management of stock levels, ordering, storage, and movement of materials so that an organization can meet its operational and customer requirements at the lowest possible total cost. It creates a balance between cost efficiency, customer satisfaction, and operational continuity because excessive inventory increases costs, while insufficient inventory can cause stockouts, production delays, and dissatisfied customers. Cost efficiency is one of the primary objectives of inventory control. Holding large quantities of inventory involves storage costs, insurance, handling expenses, deterioration, obsolescence, and the cost of capital invested ________ _________ _______ _______ _______ _________ _________ ______ __________ ___ ___ ______.
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