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Discussion :: Industrial Engineering and Prod'n Mgmt

  1. The most important function of inventory control is

    2. A.

     Stock control system
    B.

     To run the stores effectively
    C.

     Technical responsibility for the state of materials
    D.

     All of the above

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    Workspace

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    Answer : Option D

    Explanation :

    The functions of inventory control are listed below:
    - To Develop Policies, Plans and Standards Required
    - Effective Running of Stores
    - Technological Responsibility for the State of Different Materials
    - Stock Control System
    -To Ensure the Timely Availability
    -Maintenance of Specified Input
    -Protection of Inventories

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