Question

Make a paraphrase for this paragraph.

This course teaches me the different types and costs of inventory and how to manage them. Also I understand how the companies software systems create, drive, coordinate, and define the inventory levels. More over this course shows me how to analyze and control that inventory throughout the organization.
The common definition of inventory is any company asset that is held for future use or for the future to sale. Maybe you will hold on to finish the product or just the materials, parts, and components that makeup the finished product. You should plan, coordinate and control all aspect of your inventory. To illustrate, buying, moving, storing and selling.
You need to know that you should manage the inventory to the lowest level possible but still you meeting your customer's needs and to do that, you should understand the different type of inventory.  
Inventory management is the most important aspect for business success. The goal is to have the right amount of inventory in the right place at the right time.

Answer 1

This course has provided me with information regarding the use of different types of inventory control methods such as how to recognize the cost of inventory how to calculate the process, schedules as well as how to manage the different processes. It has allowed me the understanding to be able to use the reasoning behind the need for business to make use of software systems, coordinate the business functions with the control systems in order to maintain an optimal level of inventory.

The course allows me the ability to analyze and control the inventory throughout the organization and not just specific parts of it.

We can say that inventory is the assessment of the use of the present assets by the company which they can make use of in order to generate the required functions and processes which make use of the said assets in order to generate the necessary output. It has a future implication since we need to foresee the rewired factors to be able to do so effectively.

There is a need to plan all the activities according to the needs of the company, the requirement of the future as well as the aspect of the presence of inventory. There is a need to manage the inventory from the lowest possible level, which only comes by meeting the needs and the expectations of the customers. In order to do so, we need to have the optimal level of raw goods, structure, machinery, and schedule which would allow us to be able to create the factor of effective production in the future.