ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Placing a code on packaging to help standardize and regulate inventory control is called ____
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bar coding
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NPC coding
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control coding
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classification coding
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Explanation:
Detailed explanation-1: -In this article we’ll dive into the three most common inventory management strategies that most manufacturers operate by: the pull strategy, the push strategy, and the just in time (JIT) strategy.
Detailed explanation-2: -Three of the most popular inventory control models are Economic Order Quantity (EOQ), Inventory Production Quantity, and ABC Analysis. Each inventory model has a different approach to help you know how much inventory you should have in stock. Which one you decide to use depends on your business.
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