With Reference to the Internet-Enabled SCM Activities,providing Real Time Stock

question 42

Multiple Choice

With reference to the Internet-enabled SCM activities,providing real time stock information and replenishing stock quickly is a part of _____.

• A)customer service
• B)production scheduling
• C)procurement
• D)inventory management

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Definitions:

Petty Cash Voucher

A document used to record and authorize the use of cash from a petty cash fund for small, immediate expenses.

Control Over Inventory

Refers to the processes and measures a business undertakes to manage its inventory efficiently, ensuring adequate stock levels, and minimizing costs.

Safeguarding Inventory

Measures and practices employed to prevent inventory loss, damage, or theft, including physical security and inventory management systems.

Financial Statements

Reports that summarize the financial performance and condition of a company, including the balance sheet, income statement, and cash flow statement.