ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The process of controlling and managing goods, materials, and products to maximize efficiency and profitability is handled by which department:
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Accounting
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Inventory Management
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Marketing
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Warehousing
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Explanation:
Detailed explanation-1: -Inventory is the goods or materials a business intends to sell to customers for profit. Inventory management, a critical element of the supply chain, is the tracking of inventory from manufacturers to warehouses and from these facilities to a point of sale.
Detailed explanation-2: -Determine Your Minimum Stock Levels. Use Integrated Inventory Control Software. Store Your Items Properly. Implement FIFO & FEFO Techniques. Optimize Your Inventory Replenishment. Perform Inventory Audits Regularly. Conclusion. 20-Aug-2022
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