What result does effective management of non-consumable inventory usually aim for?

Effective management of non-consumable inventory primarily aims to achieve decreased costs and waste. This is because non-consumable inventory, which consists of items that are not used up quickly or are durable in nature, can accumulate and lead to excessive holding costs if not managed properly. By optimizing the management of these items, organizations can ensure that they purchase the right quantities and types of inventory at the right times, which minimizes unnecessary expenditures.

Moreover, reducing waste means that the organization can avoid overstock situations, where items may become obsolete or expire, or situations where items are lost or damaged. Overall, by focusing on decreased costs and waste, effective inventory management can enhance the overall efficiency of the supply chain and ensure that resources are utilized more effectively. This focus ultimately contributes to better budgeting and financial performance within the organization.