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Questions and Answers
What is the main goal of inventory control?
What is the main goal of inventory control?
- Minimizing customer demand
- Maximizing stockouts for customer satisfaction
- Maximizing profit with minimal investment (correct)
- Maximizing investment with minimal profit
What does inventory control involve managing?
What does inventory control involve managing?
- Research and development, quality control, and distribution
- Human resources, finance, and operations
- Marketing, sales, and production
- Purchases, storage, shipping, and customer satisfaction (correct)
What is another term for inventory control?
What is another term for inventory control?
- Supply control
- Stock control (correct)
- Demand control
- Logistics control
What does effective inventory control help avoid?
What does effective inventory control help avoid?
What is inventory control a key component of?
What is inventory control a key component of?
What is inventory control also known as?
What is inventory control also known as?
What does effective inventory control help avoid?
What does effective inventory control help avoid?
What does inventory control help maximize with minimal investment?
What does inventory control help maximize with minimal investment?
What is a key component of overall inventory management?
What is a key component of overall inventory management?
What does inventory control ensure a company can meet?
What does inventory control ensure a company can meet?
What does effective inventory control aim to help a company avoid?
What does effective inventory control aim to help a company avoid?
What is the primary focus of inventory control?
What is the primary focus of inventory control?
What is a key benefit of effective inventory control?
What is a key benefit of effective inventory control?
What does inventory control involve managing?
What does inventory control involve managing?
What is inventory control also known as?
What is inventory control also known as?
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