Inventories are an important component in organizations and one of the most expensive assets in an organization. Therefore, organizations should have a system whereby inventories are accounted for from the time they are acquired, until the time they are used or distributed.

Inventories are an important component in organizations and one of the most expensive assets in an organization. Therefore, organizations should have a system whereby inventories are accounted for from the time they are acquired, until the time they are used or distributed. Managing inventory levels is a critical activity in organizations.
Your essay assignment is to use the Internet to research-proven strategies that organizations can use to manage inventory. In your 2-3 page paper, compare and contrast at least four strategies. In addition, choose an organization and 1 of the 4 strategies and describe how the organization could benefit by using the strategy chosen. Also, provide explanations regarding why the other three strategies were not chosen. Be sure to include a title page and a reference page to submit your work.

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