ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The traditional purchasing and inventory control system does not involve ____, and it is considered old-fashioned.
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computers
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paper
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fax-machines
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phones
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Explanation:
Detailed explanation-1: -The old ways are more robust. Manual systems are less likely to fail, even if they are not as quick as the computer-based tools we use today. It is hard to hack paper and pen. Most of the old inventory management techniques do not use electricity or complicated equipment, making them less prone to breakdowns.
Detailed explanation-2: -LIFO is a method of inventory control in which the oldest item received is the first to be shipped.
There is 1 question to complete.