COST ACCOUNTING
INVENTORY AND PRODUCTION MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Customer experience
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most exciting part in business
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identify items via a unique barcode
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Improving cash flow
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Detailed explanation-1: -The two sides are Inventory Control and Inventory Replenishment. Inventory Control handles the inventory that is already in your warehouse. In conjunction with your ERP, an Inventory Control solution organizes the follow key areas: Receiving inventory.
Detailed explanation-2: -Inventory management gives you an accurate and real-time picture of your current cash flow, including how much cash is tied up in stock and how quickly that stock is moving. Your financial reporting becomes more accurate, creating stronger business plans and increased growth.
Detailed explanation-3: -One of the most critical aspects of inventory management is managing the flow of raw materials from their procurement to finished products. The goal is to minimize overstocks and improve efficiency so that projects can stay on time and within budget.