ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Choose 2 important aspects of inventory management
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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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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -The more inventory you have, the less cash you will have. It’s as simple as that. Inventory is the biggest drain on a company’s cash flow.
There is 1 question to complete.