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“Inventory management involves planning and controlling inventory from the raw material stage to the final delivery at the customer's end” (University of Phoenix, 2008). Companies can identify domestic and global best practices by assessing existing efficient supply chain management strategies. Evaluating opportunities for improving operations becomes imperative and analyzing ethical issues among supply chain stakeholders a must. “It is important for managers to realize that how they run items using inventory control logic relates directly to the financial performance of the firm” (Chase et al, 2005, p...
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Common topics in this essay:
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