Author Question: Which of the following is the best definition of inventory management? (Read 152 times)

Mr3Hunna · **on:** Mar 6, 2021

Question 1

The costs that result when a company runs out of a particular item for which there is a customer demand are ________.
◦ shrinkage costs
◦ shortage costs
◦ stockout costs
◦ EOQ estimation costs

Question 2

Which of the following is the best definition of inventory management?
◦ planning and control of the flow inventory into and through an organization
◦ planning, coordinating, and controlling activities related to the flow of inventory into, through, and out of an organization
◦ planning and coordinating activities related to the flow of inventory into and through an organization
◦ planning, coordinating, and control of inventory into an organization

izzat · **Reply #1 on:** Mar 6, 2021

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