ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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minimise the cost of warehousing
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Just in time
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Just in case
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Just-in-time inventory (JIT) management is a method for keeping almost no inventory in your warehouse at all, but instead, ordering everything you need the moment you need it. It’s a form of lean manufacturing that would mostly eliminate the cost of inventory.
Detailed explanation-2: -Order Picking Accuracy (percent by order) Average Warehouse Capacity Used. Peak Warehouse Capacity Used. On-time Shipments. Inventory Count Accuracy by Location.
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