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This particular industry display and hold some of the inventory goods that are perishables and have specific shelf life time. For example in terms of Supermarket, perishables are the driving force behind the profitability and represent of the last competitive advantage against Wal-mart super centre. Thus having an optimum inventory management became very significant for companies or supermarket to maximise their profitability and efficiencies...
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Thus having an optimum inventory management became very significant for companies or supermarket to maximise their profitability and efficiencies.
In search for the best ideal model or equation to solve and cater while at the same optimise the trade-off between lowest total cost and higher customer service level; most articles read would specified their objectives and necessary assumption then conclude with a suggested model...
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