Answer to Question #242264 in Management for hemangi

Question

List down briefly the various inventory management techniques prevalent in the industry.

Discuss how some of these techniques would be applicable to a General Store in effective

management of their inventories; i.e. grocery supplies, etc. (assume several inventories of

your choice). 

Answer 1

There are several techniques of managing inventory, and they include the following;

First, there is the pull strategy, second, there is the push strategy then lastly tye just in time strategy