ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

INVENTORY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Observing the correct procedures for receiving, storing and issuing stock is one method of:
A
maintaining stock records
B
controlling inventory
C
renewing stock records
D
verifying orders received
Explanation: 

Detailed explanation-1: -The Issuing Control Point A formal issuing process is needed so each area can be properly charged for the food items they use. The is crucial so an accurate food cost can be maintained for each area.

Detailed explanation-2: -The receiving process entails matching the products ordered with those delivered. It also means ensuring that the products have arrived in good condition. After the product is delivered, managers must safely store products, issuing them from storage as needed.

Detailed explanation-3: -The receiving function is critical because at this control point ownership of the products is transferred from the supplier or vendor to the operation. Receiving comes into focus after the menu has been planned and the products dictated by the menu have been purchased.

There is 1 question to complete.