ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What key aspect of inventory is focused on how much of each inventory item can be suitably housed and where to send it?
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Storage
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Forecasting
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Analysis
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Techniques
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Explanation:
Detailed explanation-1: -So you know how much of each inventory item can be suitably housed, and where to send it.
Detailed explanation-2: -Four major inventory management methods include just-in-time management (JIT), materials requirement planning (MRP), economic order quantity (EOQ), and days sales of inventory (DSI).
Detailed explanation-3: -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.
There is 1 question to complete.