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Questions and Answers
Which of the following best describes an inventory control system?
Which of the following best describes an inventory control system?
- A system that manages and tracks a company's goods through the supply chain. (correct)
- A system that lowers the cost of goods sold.
- A system that increases sales by having the right stock on hand.
- A system that automates the inventory management process.
What is the main purpose of an inventory control system?
What is the main purpose of an inventory control system?
- To lower the cost of goods sold.
- To increase sales by having the stock on hand to fill orders.
- To ensure the right stock is available at the right time for customer demands. (correct)
- To streamline and automate the inventory management process.
How can an accurate inventory count system make a business more profitable?
How can an accurate inventory count system make a business more profitable?
- By streamlining and automating the inventory management process.
- By increasing sales.
- By integrating and managing purchasing, shipping, receiving, warehousing, and returns.
- By lowering the cost of goods sold. (correct)
What does an inventory control system integrate and manage?
What does an inventory control system integrate and manage?
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Why is choosing an effective inventory management approach important for an ecommerce business?
Why is choosing an effective inventory management approach important for an ecommerce business?
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