Inventory Management Is the Planning, Organizing, and Controlling Activities That

question 95

True/False

Inventory management is the planning, organizing, and controlling activities that focus on the flow of materials into, through, and from the organization.

---

Definitions:

Work in Process

Partially finished goods that are still in the production process at the end of an accounting period.

Inadequately Trained Employees

Workers who lack the necessary skills, knowledge, or experience required to perform their job tasks efficiently and effectively.

Poor Quality Materials

Materials that fail to meet the prescribed standards for production, causing potential defects in the final product.

Incorrect Instructions

Guidance or directives given that are wrong or inaccurate, potentially leading to errors or negative outcomes.