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Inventory Costs

oboloo Glossary

Inventory Costs

Inventory Costs Definition

Inventory costs are the expenses incurred by a business to store and manage its inventory. These costs can include the cost of goods, storage space, labor, and insurance.

Inventory costs are a major expense for many businesses, especially those that carry large inventories. In order to keep these costs under control, businesses must carefully manage their inventory levels and storage procedures. Many businesses use computerized inventory management systems to help with this task.

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