ABSTRACT
Sound inventory management is designed to save money by minimizing inventory costs. Inventories are items—such as building materials, office supplies, and chemicals, to name a few—that are used to produce products and/or services. Managing inventories efficiently is important because inventories are among the largest non-wage expense of most public and non-profit agencies.[1] Inventory management saves money by purchasing as inexpensively as possible the optimal number of needed items so that they are always readily available, but in an amount that minimizes storage and holding costs.
