BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the process of forecasting the need for a spare part in the future by using supporting data
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scheduling of ordering spare parts to distributors or suppliers to fill in used stock
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the process of selecting an item Parts Numbers (SKU) to be used as stock items or eligible to be used as stock to support needs
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activities to report on the performance that we have achieved
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Detailed explanation-1: -The stock keeping unit (SKU) is an alphanumeric code assigned to inventory that allows retailers to track their stock, measure sales by product and category, design store layouts and flow, and enhance shopping experiences. These codes are designed by retailers based on criteria they deem important.
Detailed explanation-2: -SKU (pronounced “skew”), short for stock keeping unit, is used by retailers to identify and track its inventory, or stock. A SKU is a unique code consisting of letters and numbers that identify characteristics about each product, such as manufacturer, brand, style, color, and size.
Detailed explanation-3: -An SKU, short for “stock keeping unit", is a unique number combination used by retailers to identify and track products. It’s usually 8 characters long and made up of letters and numbers.
Detailed explanation-4: -Businesses create unique SKUs for their goods and services. For example, a store that sells shoes creates internal SKUs that show a product’s details, such as color, size, style, price, manufacturer, and brand. For example, the SKU for purple Ugg boots in the Bailey Bow style, size 6, may read “UGG-BB-PUR-06."