Which of the following is an example of an advantage that a modern inventory management system provides? More than one answer may be selected. Check All That Apply A. Automatic reordering occurs when inventory levels dip below a pre-established threshold. B. Production is scaled up or scaled down depending on the pace of orders received and the amount of inventory currently available. C. Competing products are quickly developed based on products that have shown initial success. D. RFID tags that are part of a GIS system are included with manufactured goods once assembly is

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tutorconsortium113 tutorconsortium113 · Answer 1 · 2022-11-20T06:33:05+01:00

Automatic reordering occurs when inventory levels dip below a pre-established threshold.

The process of tracking and managing your company's inventory as it is purchased, produced, stored, and used is known as inventory management.

It controls the complete flow of goods, from procurement to sale, ensuring that you always have the appropriate numbers of the appropriate item at the appropriate location at the appropriate time.

When the amount of stock on hand hits a pre-set reorder point, an automatic reordering system places an order for the product.A computer can provide an automatic reorder based on calculations for the reorder point and a perpetual inventory system.

An order that is manually entered by a member organization signifies that it was not entered into an electronic order-routing or execution system.

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