Objectives of Inventory

Inventory management is a critical aspect of operations research that focuses on optimizing the level of goods a company holds to meet customer demand while minimizing costs. The objectives of inventory management can be summarized in the following key points:

1. Balancing Supply and Demand: One of the primary objectives of inventory management is to ensure that a company has enough inventory to meet customer demand while avoiding overstocking, which ties up capital and storage space.

2. Minimizing Holding Costs: Inventory _________ ______ ________ ___ ________ ______ __________ _________.
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