Inventory carrying costs drive decisions such as order quantity, order timing, and so forth. Most experts agree that inventory carrying costs are between 18 and 35% of the inventory’s value. But how is that percentage calculated? This NLPA video, Inventory Carrying Cost Calculation answers that question.
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Recommended Reading
- Impact of Inventory
- Inventory Purchasing
- Profitable Inventory Management and Control
- Inventory Turnover Ratio
- Purchasing and Inventory Management
- Myth: Learning Inventory Management Is Painful
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