What are objectives of inventory management ?

The objectives of inventory management in an organization include:

1. Minimizing Holding Costs: Aim to minimize the costs associated with holding and storing inventory, such as warehousing, insurance, and obsolescence expenses.
2. Optimizing Inventory Levels: Maintain an optimal level of inventory that strikes a balance between meeting customer demand and minimizing holding costs. This includes setting appropriate reorder points and ______ ____ ___ _____ _____ ________ ________ __________ ____ _____ _________.
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