BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
What key aspect of inventory is focused on quickly and efficiently book-in, put away, pick, pack and ship inventory as and when needed at your various locations?
|
|
Techniques
|
|
|
Tracking
|
|
|
Systems and Tools
|
|
|
Purchasing
|
Explanation:
Detailed explanation-1: -One of the most critical parts of inventory management is calculating the right amount of product units (SKUs) needed in stock at any given time. If your stock level dips too low, you run the risk of running out of products which can lead to missed sales, backordering, and customer service issues.
Detailed explanation-2: -Successful inventory management starts with accurate and reliable intake policies so you can have product on hand to meet customer demand. Rather than having vendors manage your re-orders, control those yourself. You can better track customer demand and forecast future sales.
There is 1 question to complete.