Why Understanding the Time Value of Money is Crucial in Inventory Management

As business leaders, financial managers, and inventory specialists, we consistently hear terms like “opportunity cost,” “inflation,” and “the time value of money.” But why are these terms so crucial in the world of inventory analysis and inventory management? If Benjamin Franklin was right in saying that “Time is money,” then it’s essential to grasp the… Continue reading Why Understanding the Time Value of Money is Crucial in Inventory Management