Alevels AS Level Business 9609, Inventory Management Part 2, Costs & Benefits of Holding Inventory

Learn the Costs and Benefits of Holding Inventory and explore Inventory Control Techniques in this essential AS Business lecture! 🚀 This video provides an in-depth explanation of how businesses manage their inventory effectively, minimize costs, and maintain efficiency. Perfect for exam preparation and understanding real-world business applications.
📌 What’s Covered in This Video?
Costs of Holding Inventory: Storage costs, opportunity costs, obsolescence, and more
Benefits of Holding Inventory: Avoiding stockouts, bulk purchase discounts, and meeting demand
Key Inventory Control Techniques:
Economic Order Quantity (EOQ)
Just-in-Time (JIT) inventory system
Buffer Stock management
Stock Control Charts and Reorder Levels
Practical examples and graphical explanations
🎯 Key Takeaways:
Understand the trade-offs between holding too much or too little inventory
Learn how businesses use inventory control techniques to stay competitive
Master concepts like EOQ, JIT, and Buffer Stock for exam success
Gain insights into how inventory management impacts business efficiency and profitability
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