BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Customer experience
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most exciting part in business
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identify items via a unique barcode
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Improving cash flow
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Detailed explanation-1: -The two sides are Inventory Control and Inventory Replenishment. Inventory Control handles the inventory that is already in your warehouse. In conjunction with your ERP, an Inventory Control solution organizes the follow key areas: Receiving inventory.
Detailed explanation-2: -One of the most critical aspects of inventory management is managing the flow of raw materials from their procurement to finished products. The goal is to minimize overstocks and improve efficiency so that projects can stay on time and within budget.
Detailed explanation-3: -The 2 biggest factors affecting inventory levels are customer demand and supplier lead times. Customer demand predicts how much product you’ll sell and how much stock you’ll need to fulfill those orders.
Detailed explanation-4: -One of the most critical parts of inventory management is calculating the right amount of product units (SKUs) needed in stock at any given time. If your stock level dips too low, you run the risk of running out of products which can lead to missed sales, backordering, and customer service issues.