MANAGEMENT

BUISENESS MANAGEMENT

INVENTORY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Stockouts is synonymous with surplus.
A
TRUE
B
FALSE
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -not available for sale or use. “too many items are out of stock” Synonyms: unavailable. not available or accessible or at hand.

Detailed explanation-2: -synonyms: excess, nimiety, surplusage. type of: overabundance, overmuch, overmuchness, superabundance. a quantity that is more than what is appropriate.

Detailed explanation-3: -Stockouts are what happen when you run out of inventory of a particular item. An out-of-stock can happen anywhere in the supply chain, but it impacts retailers’ shelves and profits the most when it occurs as the customer is about to purchase.

Detailed explanation-4: -Stockouts are the opposite of overstocks, where too much inventory is retained.

There is 1 question to complete.