Respuesta :
Inventory management is not as important as it once was due to other factors that have come into play. This statement is False.
What is Inventory management?
The process of ordering, storing, using, and selling a company's inventory is referred to as inventory management. This covers the storage and processing of such items as well as the management of raw materials, components, and finished goods.
One of a company's most significant assets is its inventory. An organization's raw materials and finished goods are the heart of its operations in industries with high inventories including retail, manufacturing, food services, and others. When and where inventory is needed, a shortfall can be very harmful.
In addition, inventory might be seen as a liability (if not in an accounting sense). The danger of spoilage, theft, damage, or changes in demand is higher when there is a big inventory. Inventory must be insured, and if it is not sold in a timely manner, it may need to be destroyed or sold at a discount.
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