GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What four activities are involved in distribution?
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Physical distribution
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Purchasing
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Inventory storage
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Inventory control
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Demographics
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Explanation:
Detailed explanation-1: -Four popular inventory control methods include ABC analysis; Last In, First Out (LIFO) and First In, First Out (FIFO); batch tracking; and safety stock.
Detailed explanation-2: -There are four main types of inventory: raw materials/components, WIP, finished goods and MRO.
Detailed explanation-3: -Goods are delivered to your facility. Inspect, sort and store goods. Monitor inventory levels. Stock orders are placed. Stock orders are approved. Take goods from stock. Update inventory levels. Low stock levels trigger purchasing/reordering.
There is 1 question to complete.