Q101
What aims at optimizing inventory levels?
A.
Inventory Control
B.
Inventory Capacity
C.
Inventory Planning
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
Inventory Planning aims at optimizing inventory levels. The aim of inventory optimization is to reduce the holding and maintenance costs, without neglecting the customer satisfaction level. In other words, inventory optimization helps to reduce inventory while improving service level.