The tag system of inventory management is the equivalent of the two-bin system but is used by retail,wholesale,and service businesses.

Question

Quizplus · Accepted Answer

The statement is true. The tag system of inventory management works like the two-bin system but is typically used by businesses that deal with retail, wholesale, and services. It involves attaching tags with product information and inventory counts to the physical products themselves to help manage and track inventory levels.

The Tag System of Inventory Management Is the Equivalent of the Two-Bin