ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
TIME DURATION, DEPTH, WIDTH OF COMMITMENT, CUSTOMER SATISFACTION
|
|
|
DEPTH, WIDTH OF COMMITMENT
|
|
|
TIME DURATION, DEPTH, WIDTH OF COMMITMENT
|
|
|
TIME DURATION, DEPTH, WIDTH OF COMMITMENT, EASY ACCESS
|
Detailed explanation-1: -We’ve put together a list of four crucial metrics that you should keep a close eye on over the course of the year: inventory turnover, average days to sell, return on investment, and inventory carrying costs.
Detailed explanation-2: -Inventory control involves various techniques for monitoring how stocks move in a warehouse. Four popular inventory control methods include ABC analysis; Last In, First Out (LIFO) and First In, First Out (FIFO); batch tracking; and safety stock.
Detailed explanation-3: -Under US GAAP, inventories are measured at the lower of cost, market value, or net realisable value depending upon the inventory method used. Market value is defined as current replacement cost subject to an upper limit of net realizable value and a lower limit of net realizable value less a normal profit margin.