Inventory administration is primarily a financial management function.

Question

Quizplus · Accepted Answer

Inventory administration is primarily a logistics and supply chain management function, focusing on the ordering, storage, and use of components and finished products. It involves aspects of forecasting, purchasing, production, and sales to ensure that the right amount of products are available at the right time, which is different from financial management's focus on managing the organization's financial resources and performance.

Inventory Administration Is Primarily a Financial Management Function