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Explain why inventorty control is important?
Warehouse inventory control is useful for manufacturing companies because it provides real time information in the stature of the stored products found at the warehouse. This gives the managers an idea whether their products are selling or not and the managers will be able to take the necessary actions if the products are not selling as they anticipated. They may implement several inventory control programs that will enable the company to become more efficient and manufacture faster selling products.There are many other advantages of using warehouse inventory control programs aside from the advantages mentioned above. For people in the operations department, warehouse inventory control eliminates the hassle of checking the products physically everyday because all aspects of the inventory found in the warehouse are already recorded in the inventory paper. In addition, the necessity of checking for barcodes and stock numbers to keep track of the stock found in the warehouse is no longer needed because of the more sophisticated measures that are implemented.Right now, inventory control software is very popular with manufacturing companies because it enables them to integrate the inventory information with the financial aspect of the business instantly. Inventory control software also has more advantages than most people are aware of because it also stores and analyses customer information and shipping details so that managers will be able to reconcile the supply of their product to the customer demand. The software will also store the batch code and the stock code that was sold to the customer to have proper warehouse inventory control. Because of all these, the transfer of the products from the warehouse to the point of sales is made easier and faster.Also, Inventory control programs are especially useful for companies that manufacture products with expiration dates because a good inventory control program will monitor all the expiration dates of the products in the warehouse so that the management will be able to do the necessary measures to eliminate wastage and prevent company losses. It is not only mass produced products that are inventories, even customized products should be inventoried properly to reconcile the stock with the company's financial statements.
Why are managers necessary in organizations?
They need to have control over entry level employees so supervisors can take care of important work like finances, inventory, etc.
If Explain what the FIFO principle is and why it is so important?
It is inventory. First in first out.
Is Inventory Management Important?
Yes of course it is important. Without proper inventory management, I guess the warehouse and all the stocks will be in a mess and from there, many problems will occur such as inventory wastage, unable to locate items and so on. If you have done a good job in inventory management, your inventory holding will be reduced and increase your profit.
Why is strategic control important to organizations?
Control is important so that we stay in our limits
Why is Unfinished goods inventory so important in absorption costing?
because it is so important to our body systems otherwise... i dont really no what im talking bout... lol
What does the word 'inventory' mean and why is it important to a business?
Inventory is the total collection of stock that a business has at a given time. Different businesses have different kinds of stock, depending upon what they sell or do. Shoe stores stock shoes, grocery stores stock groceries, car washes stock detergent, and so forth. Inventory is important because if you don't have enough you cannot meet the needs of your customers, and if you have too much, then you have invested excess money in your inventory, which is inefficient and also results in higher storage costs and higher inventory taxes. So you need to have the right amount of inventory.
Why is it important that every experiment have a control group?
so that it doesn't go out of control
Why is a control set in a experiment so important?
When performing an experiment it is very important to have a control set. It is important to have a control set because it ensures that the experiment can be repeated as many times as necessary.
Why is it important to match case subjects and control subjects so closely in a case control study?
so that there is no bias
How are database useful?
Databases store information. Some use database as an inventory. Large companies and stores use databases so they know what they have in stock and what they need to order.
Why does Monsano build a monopol in the field of pest control companies?
Monsanto built a monopoly of the other pest control companies so it could earn more money, since everyone who has pests will buy from them from now on.
