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True or False: Inventory System- A set of policies and controls that monitors levels of inventory and determines what levels should be maintained?

when stock should be replenished, and how large orders should be placed

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Question ajoutée par Hany Helmy Haleem , Director of Warehouses , Nasco Automotive
Date de publication: 2015/03/26
Sarfaraz Liaquat
par Sarfaraz Liaquat , Assistant Manager Support Service , SalTec Powerlink.com

Yeah True .................................                                                                            

Wasi Rahman Sheikh
par Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Answer will be TRUE <<<<<<<<<<<<<<<<<<<

Zety Shakila Binti Mohd Yusof Mohd Yusof
par Zety Shakila Binti Mohd Yusof Mohd Yusof , Lecturer (Diploma Logistics & Supply Chain Management) , Polytechnic METrO Johor Bahru

As the inventory represents the2nd largest component of logistics cost and should provide return on capital invested, the answer could be TRUE. It is because:

a)  to cater sufficient inventory (buffer stock)

b) minimizing unnecessary capital

c) maintaining production

d) minimize wastes & losses

e) storage of items

Emad Mohammed said abdalla
par Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>>>>>>> I do agree with ALL EXPERTS ,,,,,,,,,,,,,,,,Thanks.

Abelardo Salisi
par Abelardo Salisi , Maintenance Coordinator , Elopak Obeikan Plastic Factory

True, inventory system is generally pertains to proper inventory controlling thru monitoring, exact counting, recording, changes of requirement update, determination of levels, arrangement, and timely scheduling.

Mohammed Fathe  Shaheem
par Mohammed Fathe Shaheem , Operation Executive , Arabian Construction Company

upto some extent it is true when all the things are executed in well professional and planned manner it is false if the same set of policies and controls are implemented and executed in unprofessional  way it goes in false levels.

Elke Woofter
par Elke Woofter , Project Assistant , American Technical Associates

In principal the statement is True, 

When it comes to a reorder point and qty of the order ... depends on your last years sales history, a set safety stock (calculated from a3 year sales history), is the item still a hot seller, how much is the order qty is by the vendor, is it seasonal or a regular item.. not to forget the lead time of the commodity.

In General any Purchasing agent will order10% less than the sales record shows unless it is a hot item 

Abdou warshan
par Abdou warshan , • مدير إدارة المخازن والنقل , شركة تمكين الدولية للأجهزة المنزلية

True                           .

Roshan Bhattarai
par Roshan Bhattarai , Shift Incharge , Giordano Fashion LLC

Its true, stock should be replenished in daily basis. It should be placed with the same amount of sold or more1 or2 pcs. 

Alex Al Yazouri
par Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

True>>>>>>>>>>>>>>>>>>>>>>

Prabin Rai
par Prabin Rai , inventory officer , bijaya motor

Absolutely True....,,,,,,,,,,,,,,,,,,,,,,,

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