ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The objectives of inventory management include the following except:
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Maximizing customer service level
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Achieving low-cost plant operations
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Balancing the blocked stock and unrestricted
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Minimizing inventory investment
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Explanation:
Detailed explanation-1: -The four types of inventory management are just-in-time management (JIT), materials requirement planning (MRP), economic order quantity (EOQ), and days sales of inventory (DSI). Each inventory management style works better for different businesses, and there are pros and cons to each type.
Detailed explanation-2: -Improved Accuracy of Inventory Orders. Improved Warehouse Organization. Improved Warehouse Productivity. Save Time and Money. Improved Customer Retention and Engagement. 20-Nov-2019
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