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Author Question: Which of the following is the best definition of inventory management? (Read 156 times)

Mr3Hunna

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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


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Marked as best answer by Mr3Hunna on Mar 6, 2021

izzat

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Mr3Hunna

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it


dawsa925

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Reply 3 on: Yesterday
Excellent

 

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