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Inventory management refers to the process of handling a company’s inventory, which includes rawmaterials, parts, and finished products. Additionally, integrating automated systems and tools for inventory tracking and management can increase productivity by saving time and providing real-time visibility into inventory status.
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I recently saw the headline for an article which said that Supply Chains are NOT broken, but rather it is just a demandplanning issue. Commodity and rawmaterial shortages of every kind have delayed the manufacturing and distribution of goods across most industries, driving up prices in the process.
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