| The most important objective or inventory control is to determine and maintain an optimum Level of investment in the inventory. Most companies have now successfully installed one or the other system of inventory Planning And control. The inventory control models range from very simple methods To highly Sophisticated mathematical inventory models. In the simplest method, the purchase man periodically reviews the stock, perhaps visually; To see what inventory items are in short supplies and places order when he thinks a Minimum level has been reached or when the inventory of a particular item is exhausted. No inventory levels are kept on records. |
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