Have you ever wondered, what does the word anticipation mean? In this lecture, we will answer the question, what is anticipation inventory?
The word Anticipation is defined in one way as, “the act of preparing for something”. In the case of Anticipation inventory it is the act of preparing for something with regards to inventory. Formally defined, Anticipation inventory is inventory that is kept on-hand to account for or, anticipate, expected changes in demand. Spikes in demand generally occur because of seasonality, inflation and deflation, holiday events, current events, political changes or other major trends. Anticipation inventory is commonly referred to as:
Why would a company use anticipation inventory?
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