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) Organizations must balance good performance with responsibility to key three policies: social, economic and environmental.
Demonstrate how this relates to stores and inventory management. (5 marks)
(ii) Many firms are faced with the dilemma of adjusting to change of designs. In the worst case scenario, it would be too expensive to start new production, with the old inventory still in place.
Discuss an inventory workable solution to ensure future stock does not go to waste. (5 marks)

Sagot :

The information relates to inventory management as it's vital in tracking the purchase of sales of goods and services.

How to illustrate the information?

It should be noted that organizations must balance good performance with responsibility to key three policies: social, economic and environmental.

This illustrates how they can help organizations identify the stock to be ordered and how to generate revenue.

An inventory workable solution to ensure future stock does not go to waste is to order smaller batches and get transparent with customers about the remaining inventory.

Learn more about inventory on:

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