Industrial Engineering and Management
Vol. 36 No. 05 (2021): Proceedings of the Faculty of Technical Sciences
REDUCTION OF INVENTORY COSTS AND RETURN OF GOODS
Abstract
The subject of this paper is the analysis of the costs that the organization has due to the need to have stocks of finished goods, as well as due to doing business with a large number of business partners who are intermediaries between suppliers and consumers-buyers. Applying appropriate methods and techniques, an inventory management analysis was performed, shortcomings were identified, and efficiency improvement measures were proposed in order to reduce or eliminate identified costs that affect profitability.
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