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Purchasing & Inventory Management
Description: Adequate inventory is critical in ensuring the continuity of operations within any industry. However, inventory investment can be a very expensive affair. The direct costs of carrying inventory depress profits and ties up much needed finance. Only through effective inventory management can we provide this support without over-committing the organisation’s funds, but at the same time be mindful of the related costs of not having inventory when it is needed by customers. Purchasing & Inventory Management (PIM) is past gaining prominence as a key area in ensuring competitiveness and is considered more and more to be a professional area where relevant skills and expertise are important.