COST ACCOUNTING
INVENTORY AND PRODUCTION MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Choose 3 focuses mainly on inventory management from a retail perspective within this guide.
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Offline
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Distributioin Management
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Multichannel
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Online
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Channel of Distribution
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Explanation:
Detailed explanation-1: -Centralized and comprehensive reporting and data analysis. Inventory forecasting. Purchase order creation and management.
Detailed explanation-2: -The three types of inventory include raw materials, work-in-progress, and finished goods.
Detailed explanation-3: -The goal of inventory management is to understand stock levels and stock’s location in warehouses. Inventory management software tracks the flow of products from supplier through the production process to the customer. In the warehouse, inventory management tracks stock receipt, picking, packing and shipping.
There is 1 question to complete.