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Stock Keeping Function and Key Tasks
Completion requirements
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The major responsibility of inventory management is the management of materials and materials systems throughout the defined acquisition and supply chain from procurement to consumption point. Because of this responsibility, inventory management is accountable for the physical and financial levels of stockholding, the service level provided to customers, the control parameters within the inventory system, and all the decision-related processes in the total operation.
Stock keeping functions and key tasks are concerned with ensuring that all the activities involved in storekeeping and stock control are carried out efficiently and economically by the store/stock keeper. The functions involve:
