Which of the following involves managing inventories in such a way as to minimize inventory costs, including both holding costs and potential stock-out costs?
A) physical distribution
B) materials handling
C) warehousing
D) inventory management

Question

Quizplus · Accepted Answer

The description provided in the question refers to inventory management, which involves the careful control and analysis of inventory levels to ensure that inventory costs are minimized while still meeting customer demand. Therefore, D is the correct answer. While physical distribution, materials handling, and warehousing are related to inventory management, they are not specifically focused on minimizing inventory costs.

Which of the Following Involves Managing Inventories in Such a Way