BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There is no right or wrong way to organize inventory. As long as it makes sense to you and your employees.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Regardless of the size of your company, having a proper inventory management system is very important for any business. It can help you keep track of all your supplies and determine the exact prices. It can also help you manage sudden changes in demand without sacrificing customer experience or product quality.
Detailed explanation-2: -It seems that everyone agrees that inventory is evil because: It ties up cash which might be better used in marketing efforts or product enhancements to drive more sales. It is often used as a crutch for inefficient sales, order management and production processes with uncompetitive cycle times and poor responsiveness.
There is 1 question to complete.