BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
When you look at how much inventory you have in stock and compare it to what you want to have on hand it is called Visual Inventory System.
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -Visual Inventory Software provides dynamic control of your warehouse. Users have picture verification of every item on every transaction. Bin labels with Item photo and barcode that match the pick ticket ensure accurate orders. Manufacturing BOMs detail the items with both barcodes and photos.
Detailed explanation-2: -ABC analysis is an inventory management technique that determines the value of inventory items based on their importance to the business. ABC ranks items on demand, cost and risk data, and inventory mangers group items into classes based on those criteria.
Detailed explanation-3: -There are four main types of inventory: raw materials/components, WIP, finished goods and MRO.
There is 1 question to complete.