Common Learning Block 5 Practice Questions Flashcards
Supply Chain Management Common Learning Block 5 Practice Questions
1
Q
The combination of personnel, processes, and systems to control inventory is called:
A
Inventory management
2
Q
Most inventory is initially obtained from:
A
Suppliers
3
Q
Inventory management is most obvious in which of the following areas:
A
Warehouse
4
Q
Reduction of inventory is necessary to:
A
Reduce operating costs
5
Q
Inventory management takes place:
A
Only on expensive items
