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 quickly and efficiently book-in, put away, pick, pack and ship inventory as and when needed at your various locations?
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Techniques
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Tracking
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Systems and Tools
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Purchasing
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Explanation:
Detailed explanation-1: -The goal of inventory management is to have the right products in the right place at the right time. This requires inventory visibility-knowing when to order, how much to order and where to store stock.
Detailed explanation-2: -Putaway refers to all the warehouse processes that happen between receiving a supply of goods from a vendor and having it all stored away in racks and shelves in your warehouse.
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