The Role of Inventory Management on the Nigeria Brewery Industry
DEFINITION OF INVENTORY MANAGEMENT: This has caused a lot of work to be done in inventory management practices in the form of actual researchers carried out and texts written on the topic. All these aim stressing on the thing, the importance and benefits of derived from the usage of varies methods of scientific inventory control system.
Weston and Brigham discussed extensively about deterministic model of inventory control system. They studied inventory problems where the actual demand on business is assumed to be known. [Read more…]