Inventory Management

Q1: What is the purpose of inventory management in a warehouse?

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Q2: Which of the following is not a common inventory management method?

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Q3: What is the purpose of cycle counting in inventory management?

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Q4: What is the name of the system used to manage and track inventory in the computer system?

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Q5: Which of the following is not a type of inventory audit?

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Q6: What is the primary purpose of an inventory audit?

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Q7: How does quality control (QC) in inventory management contribute to overall business success?

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Q8: What is the term used to describe the minimum amount of inventory a warehouse needs to maintain to avoid stockouts?

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Q9: An HHT device alerts the inventory team about a "PNA" (Product Not Available) situation. What's a possible reasons for this?

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Q10: The cycle count reveals a discrepancy between the system and physical inventory of a non-perishable item. What is the most likely next step for the inventory management team?

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