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Table 23. Other livestock and livestock Products Inventory and Sales:1978 and 1974InventorySolesForms with soles of $2,500 or more
19781974All form s, 1978197819747 654
45995
(X)
116
273
(X)
14
26875
(X)6906
35549
106
236
(X)
12
(D)
(X)5881
29
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Inventory management strategies are used to efficiently track, control, and manage inventory levels to minimize costs and maximize profitability.
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All businesses that carry inventory are required to have inventory management strategies in place.
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The purpose of inventory management strategies is to ensure that businesses have the right amount of inventory on hand at all times to meet customer demand.
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Information such as current inventory levels, reorder points, supplier information, and lead times must be reported on inventory management strategies.
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