ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In some situations, manufacturer are not required to consign inventory to customer facilities
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Yes
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No
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -In a Non-Consigned program, the customer pays for the inventory as it’s brought in, and whenever replenishment is necessary.
Detailed explanation-2: -Some retailers, including medical companies, like consignment because they can offer a more extensive array of products than they otherwise could not afford to stock. It’s also common in service and repair businesses where it’s unknown how long a part will sit on the shelves.
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