Answer
It is true that the key to successful business operations is
effective inventory management.
Work Step by Step
With an effective inventory management, the business enterprise,
can reduce the working capital requirement, save on storage cost,
save on item becoming obsolete and also the chances of pilferage,
leaks, spoils, waste etc. if we calculate all these benefits in
monetary terms and add them, it will be a huge amount and the
profits of business can go high.
