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All of that.....because every point means some of the importance....thank you
1) MAN - you need personnel to do the cycle counts and maintain the records
2) RAW MATERIALS - you need RM's in order to produce the goods you manufacturing
3) MONEY - you need funding to buy RM's, to pay personal and other equipment to maintain/control your inventory
4) FINISHED GOODS - you need to count what you have produced and keep record of what is still on hand, allocated towards orders and what has been send ...
5) ALL THE ABOVE - is left ... you need all to have a correct inventory
I agree with @Elike Woofter but there is a very important thing , to manage all what mention and make a good control we need a clear policy and procedure for the warehouses
I agree with Elke woofter
Inventory Management is generally defined as:
-The overseeing and controlling of the ordering, storage and use of components that will be used in the production of the goods a company will sell, as well as the overseeing and controlling of quantities of finished products for sale.
-Inventories that are mismanaged can create significant financial problems for a business by way of creating an inventory glut or shortage.
-My answer will be (5) - All the above- that are all critical resources for inventory management.
>>>>>>>>>>>>>> My answer will be option 5) ALL THE ABOVE
The right option is (5) All the above are Critical resources
5 all of the above........................
All of the above, is the answer, however you need to consider the actual supply and demand in order to understand the practicality of the resources,consistent planning and utilization should be also considered,
all the above however another term is bottled neck
5) ALL THE ABOVE, all are resources required for any business
