Explain how an Organization Ensures that the Regular Quantities and Quality of Goods (Inventory) and Services are Purchased

Question

Explain how an organization ensures that the regular quantities and quality of goods (inventory) and services are purchased.

Summary

The question belongs to Operations Management and it is about how to ensure regular quantities and quality of goods and services are purchased by an organization. This is an important question because of the fact that it highlights the forecasting by an organization. An organization which can rightly forecast its sales beforehand, taking into account various economics, socio political and environmental or demographic factors, it would  need to maintain optimum inventory levels.

Total Word Count 398

 

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