Answer to Question #231214 in Management for Sukoluhle

Question

Explain inventory management in your company, include procurement, stock levels and supply and demand:

Answer 1

Inventory management describes the processes of ensuring that the capital is maintained at its optimal level by minimizing costs and maximizing profits. When the demand for products is huge, the company should produce more to cater for the new potential. On the other hand, when the demand is large, the stock price rates increase because many people tend to seek investments with the firm as part of ownership.