One Strategy Managers Use to Reduce the Holding Costs of Inventory

question 29

Multiple Choice

One strategy managers use to reduce the holding costs of inventory is

• A)separation of duties.
• B)regular inventory counts.
• C)electronic tags.
• D)JIT delivery.

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Definitions:

Resource Allocations

The process of distributing available resources among various projects or departments within an organization to maximize efficiency and achieve strategic goals.

Stepped Care

A system of delivering and monitoring treatments so that the most effective yet least resource-intensive treatment is delivered to patients first, only 'stepping up' to intensive or specialist services as clinically required.

Effectiveness

The degree to which a method or treatment achieves its intended outcomes under typical, real-world conditions.

Efficiency

The ability to achieve a desired outcome with the least waste of time, effort, or resources.