The overall objective of inventory control is, therefore, to maintain inventory levels so that the total of the ______________ costs is minimised.

Q. The overall objective of inventory control is, therefore, to maintain inventory levels so that the total of the ______________ costs is minimised.

A.            Holding costs

B.            Ordering costs

C.            Stockout costs

D.            Only A&B

E.            All of the above

Answer: All of the above