GK
BUSINESS MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
making products
|
|
|
working with suppliers
|
|
|
managing stock levels
|
|
|
advertising the product
|
Detailed explanation-1: -Inventory management controls all stock within a company. Supply chain management manages the process from supplier to delivering the product to the customer.
Detailed explanation-2: -An Inventory Manager is a professional who oversees the inventory levels of businesses. They lead a team to receive and record new stock as it’s delivered or shipped out by analyzing different suppliers, recording daily deliveries, and evaluating new shipments.
Detailed explanation-3: -Everything you use to make your products, provide your services and to run your business is part of your stock. There are four main types of stock: raw materials and components-ready to use in production. work in progress-stocks of unfinished goods in production. finished goods ready for sale.
Detailed explanation-4: -A Stock Controller is responsible for ensuring that the company’s stock levels meet business needs. They do this by overseeing purchases and pricing reports, replenishing levels when necessary, and monitoring shipments or internal transfers between departments within one business enterprise.
Detailed explanation-5: -Prioritize your inventory. Track all product information. Audit your inventory. Analyze supplier performance. Practice the 80/20 inventory rule. Be consistent in how you receive stock. Track sales. Order restocks yourself. More items •21-Feb-2023