ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following are costs associated with inventory
|
|
Acquisition
|
|
|
Procurement
|
|
|
Carrying
|
|
|
Stock-out costs
|
Explanation:
Detailed explanation-1: -What are stockout costs? Stockout costs is the capital lost from inventory that has become unavailable for the customer to purchase. When a customer cannot buy something because it is not in stock, the business loses money.
Detailed explanation-2: -Shortage costs are those costs that are incurred when a business runs out of stock, including: Time lost when raw materials are not available. Cost of shrinkage, pilferage and obsolescence.
Detailed explanation-3: -Ordering costs. Carrying costs. Shortage costs. Spoilage costs. Service costs. 23-Sept-2015
There is 1 question to complete.