Question

‘Techworks’ is a company selling electronic products. To keep track of inventory and manage sales efficiency each and every item in the inventory is assigned a unique code which signifies certain aspects of the item. Its unique code is a combination of alpha and numeric and is used not only for data collection, but also for further manipulation for deriving meaningful statistics and decision-making. However, over time, due to advancement in technology, certain items may not be used and their demand drops off. ‘Techworks’ faces a challenge of dealing with these products, particularly with technology evolving quickly.

Some of the items that make up the inventory of ‘Techworks’ as discussed above are ______ and ______.

पर्याय

• Stock Keeping Unit (SKU) code, Motley Crowd

• Motley Crowd, Demand not uniform or not predictable

• Obsolescence, Shelf life

• Stock Keeping Unit (SKU) code, Obsolescence

Answer 1

‘Techworks’ is a company selling electronic products. To keep track of inventory and manage sales efficiency each and every item in the inventory is assigned a unique code which signifies certain aspects of the item. Its unique code is a combination of alpha and numeric and is used not only for data collection, but also for further manipulation for deriving meaningful statistics and decision-making. However, over time, due to advancement in technology, certain items may not be used and their demand drops off. ‘Techworks’ faces a challenge of dealing with these products, particularly with technology evolving quickly.

Some of the items that make up the inventory of ‘Techworks’ as discussed above are Stock Keeping Unit (SKU) code and Obsolescence.

Explanation:

The unique alphanumeric code assigned to each inventory item is called a Stock Keeping Unit (SKU) code.
When products become outdated due to technological advancement and their demand falls, it is known as Obsolescence.