ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What status of inventories should be an establishment must require to maintain production?
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high
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low
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neutral
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none
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Explanation:
Detailed explanation-1: -What are minimum inventory levels? Your minimum inventory levels are the lowest amount of a product that you can have in stock and still be able to meet customer demand. This number is important because it helps you avoid running out of a product, which could lead to lost sales and unhappy customers.
Detailed explanation-2: -1: Maintain Accurate Inventory Records. 2: Establish Real-Time Reporting. 3: Automate As Much As Possible. 4: Manage Suppliers Collaboratively Not Confrontationally. 5: Reduce Supplier Lead Time. 6: Calculate Safety Stock Based on the Customer Service Level. 16-Aug-2017
There is 1 question to complete.