BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There is only one way to control inventory
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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: -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: -It is also called stock control. Economic order quantity has minimum total cost per order, its inventory carrying costs increases with quantity per order and its Ordering cost decreases with lo size. Hence, the correct answer among all the options is option d) All of the above.
There is 1 question to complete.