Record accuracy is a prerequisite to inventory management, production scheduling, and ultimately, sales. For this case study assignment, choose a local organization and research how it manages its inventory. Identify how the company’s inventory is classified and what strategies the organization uses to ensure accurate inventory records are maintained. Specifically, identify at least 8-10 items within the company’s inventory and determine which items should be A, B, and C items. Explain your reasoning behind labeling the inventory items as A, B, or C items. Also, discuss the advantages and disadvantages of using a cycle counting strategy or a complete inventory strategy.
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