Brought to you by NewGen, a customer-centric ERP consulting group with over 25-years of experience
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Brought to you by NewGen, a customer-centric ERP consulting group with over 25-years of experience
Inventory is the accounting of raw materials, items and component parts that a company uses to sell or produce goods. Inventory is an asset for most companies. However, too much inventory can become a practical liability. Thus, inventory management is used to strike the right balance between supply and demand in order to avoid dead stock or stockouts.
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