Which of the following statements holds true for inventory management?
A)It refers to the process of forecasting, pricing, and customer segmentation.
B)It refers to the process of purchasing, supplier selection, and supplier-base rationalization.
C)It refers to the process of managing raw materials and finished goods.
D)It refers to the process of aggregate planning, workforce scheduling, and factory operations.
E)It refers to the process of establishing the facility location and formulating a distribution strategy.

Question

Quizplus · Accepted Answer

Inventory management primarily involves the process of managing raw materials, work-in-process (WIP) inventory, and finished goods from point of origin to point of consumption.

Which of the Following Statements Holds True for Inventory Management