Which kinds of stock verification are there? Why is stock verification necessary for a retail company or industry? Differentiate between continuous and periodic verification systems.
Abstract Classes Latest Questions
Enumerate and describe any five inventory techniques. What benefits can a well-designed inventory offer? Enumerate the problems and difficulties associated with inventory control.
Enumerate the various factors that affect how successful a forecasting system is. Describe how timing and forecasting accuracy affect an organization’s ability to function effectively.
Economic Order Quantity (EOQ): What is it? What various presumptions are made when determining the efficacy of a basic deterministic model?
Explain Re-Order Level (ROL).
Explain Re-Order Quantity (ROQ).
Explain Re-Order Period (ROP).
Explain Stock Replenishment.
Differentiate between the inventory cycle and the order cycle. Talk about the different expenses related to inventory control.
Talk about the difficulties in using ICTs for inventory control. What tactics would you use to deal with them?