Effective Inventory Management Would Have One Person Place the Order

question 51

Short Answer

Effective inventory management would have one person place the order for new inventory, a second person check it against the purchase order when it arrives and a third person record the receipt of inventory in the accounting records.The purpose of this system is:
A)to reduce spoilage.
C)to guard against stock-outs.
D)to guard against internal theft and collusion.
E)to reduce storage costs.

• A)to reduce spoilage.
• C)to guard against stock-outs.
• D)to guard against internal theft and collusion.
• E)to reduce storage costs.