Please respond to the following: Techniques of inventory management include:

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Please respond to the following:

  • Techniques of inventory management include:
    • Economic order quantity.
    • Just in time inventories.
    • Optimum stocking level.
    • Periodic inventory.
    • Perpetual inventory.
    • Barcoding.
    • Point–of–sale systems.
  • Select three of the seven inventory techniques listed above and explore why a business would implement each one. Be sure to list specific reasons for each.

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