ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the most important thing to remember when adjusting your inventory count?
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Adjust the previous count to fix current numbers
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Use your best guess to update this week’s count
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It’s okay to review your inventory count and fix mistakes on Monday
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Carefully recount right after your count if you need to make updates
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Explanation:
Detailed explanation-1: -The best way to count inventory is with inventory management software that helps keep inventory audits short and sweet. Using an inventory app is faster than physically counting items and maintaining spreadsheets, and it’s also more accurate.
Detailed explanation-2: -Establish an Inventory Department. Implement Cycle Counting. Secure High-Value/High-Shrinkage Products. Use Barcode Reading Technology. Consider an Inventory Count Service. Implement RFID. Use an Inventory System Audit Trail. 18-Sept-2018
There is 1 question to complete.