ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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controlling the amount of product on hand to maximize the return of investment
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want book
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point-of-sale (POS) master
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perpetual inventory system
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inventory control
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inventory turnover rate
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Explanation:
Detailed explanation-1: -Inventory control, also called stock control, is the process of ensuring the right amount of supply is available in an organization. With the appropriate internal and production controls, the practice ensures the company can meet customer demand and delivers financial elasticity.
Detailed explanation-2: -Use real-time inventory tracking. The value of automation cannot be understated. Be consistent with your labeling system. ABC Analysis. Set reorder points. Organize your warehouse. Back-up your data. Perform regular audits.
There is 1 question to complete.