Effective Inventory Management Should Lead to Which of the Following

question 29

Multiple Choice

Effective inventory management should lead to which of the following?

• A) Higher inventory turns
• B) Higher product quality
• C) Lower cost of capital
• D) Elimination of inventory cycle counting

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Definitions:

Departments

Distinct divisions within a company or organization designated for specific functions or roles.

Machines

Mechanical or electronic devices that perform various tasks when supplied with input or energy.

Provides Feedback

Refers to the process of giving constructive information or criticism to individuals regarding their performance or behavior.

Capacity Plan

Identifying the necessary production capabilities of an enterprise to fulfill varying product demands.