ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Seasonal inventory is manufactured during the pre season to ensure that enough of the product is available during the peak season.
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False
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True
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Companies using seasonal inventory build up stock during periods of low demand and store it for periods of high demand. If future demand exceeds the amount of product stockpiled, you can easily run out of stock.
Detailed explanation-2: -Cycle Counting is a popular inventory management technique that can replace once-a-year counts and inventory auditing by counting specific items on a more regular basis.
There is 1 question to complete.