In a highly competitive business environment, management errors must be avoided. The majority of companies in developing countries, in both the public and private sectors, face numerous challenges in supply chain management. However, supply and stock management is increasingly becoming a priority for business leaders. It is therefore important for every company to establish effective and efficient management of its supplies and stocks. However, optimising management goes hand in hand with minimising the costs associated with procurement, which depends on a sound, rational and appropriate stock management policy.

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