Question

An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be.

Answer 1

Answer: True

Step-by-step explanation:

Inventory looks at managing items in an organization; what goes in and come out, in their right proportion and different sizes, according to their usage and what they'll be assigned to. The importance of inventory is for appropriate stock keeping and accessibility when needed.