ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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want book.
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inventory.
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point-of-sale.
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invoice.
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Detailed explanation-1: -want book. A list of articles in stock with the description and quantity of each. inventory.
Detailed explanation-2: -Inventory models in which the rate of demand is constant are called. deterministic models. The EOQ model. considers total cost.
Detailed explanation-3: -A perpetual inventory system allows a company to track everything related to its inventory and supply chain in real time. With this method, the company updates stock levels and relevant reports after every sale, delivery or breakage.
Detailed explanation-4: -Inventory turnover is the rate that inventory stock is sold, or used, and replaced. The inventory turnover ratio is calculated by dividing the cost of goods by average inventory for the same period. A higher ratio tends to point to strong sales and a lower one to weak sales.