BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What are the steps for managing inventory according to the PDCA concept?
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Forecasting, Replenishment, monitor & control, Continuous improvement
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Replenishment, Forecasting, monitor & control, Continuous improvement
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monitor & control, Replenishment, Forecasting, Continous improvement
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Continuous improvement, monitor & control, Replenishment, Forecasting
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Explanation:
Detailed explanation-1: -A term used in inventory management that describes the process by which stocks are resupplied from some central location. This process often involves the development of quantitatively based inventory models designed to optimize this resupply process.
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