Make a paraphrase for this paragraph. This course teaches me the different types and costs of inventory...

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General Management

Make a paraphrase for this paragraph.
This course teaches me the different types and costs ofinventory and how to manage them. Also I understand how thecompanies software systems create, drive, coordinate, and definethe inventory levels. More over this course shows me how to analyzeand control that inventory throughout the organization.
The common definition of inventory is any company asset that isheld for future use or for the future to sale. Maybe you will holdon to finish the product or just the materials, parts, andcomponents that makeup the finished product. You should plan,coordinate and control all aspect of your inventory. To illustrate,buying, moving, storing and selling.
You need to know that you should manage the inventory to the lowestlevel possible but still you meeting your customer's needs and todo that, you should understand the different type ofinventory.
Inventory management is the most important aspect for businesssuccess. The goal is to have the right amount of inventory in theright place at the right time.

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This course has provided me with information regarding the use of different types of inventory control methods such as how to recognize the cost of inventory how to calculate the process schedules as well as how to manage the different processes It has allowed me the understanding to be able See Answer

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