What are the two functions that management must be concerned with in regard to inventory?
A)estimating costs / developing an inventory counting system
B)creating accurate forecasts / communicating with the entire supply chain
C)tracking inventory / developing an operations strategy
D)establishing a classification system / creating a perpetual inventory system
E)establishing a system to track items / making decisions about the quantity and when to order

Question

Quizplus · Accepted Answer

Management must establish a system to track inventory items and make decisions about the quantity to order and when to order to ensure efficient inventory management.

What Are the Two Functions That Management Must Be Concerned