4. Types of Inventory Control: This likely refers to the various methods or strategies used to manage inventory, such as ABC analysis, Just-in-Time, or Economic Order Quantity.
5. Qualitative Techniques, Quantitative Techniques, or Models: These are different approaches to inventory management. Qualitative techniques might involve expert judgment or historical analysis, while quantitative techniques use mathematical models for decision-making. Common models include EOQ (Economic Order Quantity) and ROP (Reorder Point).
6. Stocking of Perishable: This likely refers to managing inventory of items that have a limited shelf life, such as food or medical supplies. Special considerations need to be taken to avoid spoilage and minimize waste.
7. JUST-IN-Time Approach: Just-in-Time (JIT) is an inventory management strategy where goods are only produced or acquired as they are needed, reducing inventory costs and waste.
