Which of the following is not true of inventory management?
A) Inventory management is a data-driven approach to making intelligent cost and customer service driven decisions.
B) The goal, in most cases, is to generate revenue by minimizing stock-outs while keeping costs at a reasonable level.
C) If Jimmy became unavailable all of a sudden, the business has no inventory management system.
D) Smaller-sized operations are especially vulnerable to inventory risks.

Question

Quizplus · Accepted Answer

Inventory management is crucial for businesses to maintain optimal levels of inventory and ensure it is easily accessible to customers. It involves using data-driven approaches to minimize costs and maximize customer service. Smaller businesses are more vulnerable to inventory risks, and the goal is to generate revenue by minimizing stock-outs while keeping costs reasonable. However, the unavailability of a single person should not result in an inventory management system collapse.

Which of the Following Is Not True of Inventory Management