Explain the importance of managing productivity and inventory control accuracy.
Explanation should address the concepts that monitoring inventory control levels allows for managing productivity and producing inventory to meet projected sales forecasts.
Process/Skill Questions:
- What is the importance of keeping accurate inventory levels?
- How does computerized inventory control assist productivity managers?
- What are the impacts of stock overages and shortages on productivity and sales?
- How can managing decisions lead to an inventory surplus?
- How can excess inventory be managed?