Financial Answers to Common Inventory Issues  

Inventory is one of the most valuable assets in a company. As with physical inventories, service inventories allow firms to buffer their resources from the variability of demand and reap the benefits from economies of scale while also providing customers with faster response times. The service industry inventory mostly includes the steps involved before completing a sale. Whether dealing with physical or service inventories, an organization will need to protect its inventory and nurture it in the right direction to be profitable. Finding that balance between meeting customers' demand and supporting a healthy profit margin for the business is the focus of this course. This overview level course provides a general review of this topic from a broad perspective. This course is appropriate for the professional at any organizational level.