Question

The Hawkins Supply company is currently faced with an inventory rotation problem. This difficulty stems from the fact that some supplies must be used prior to a stated expiration date. Upon receipt, a new shipment of these perishable items must be stacked beneath the boxes that are currently in inventory. A substantial amount of time is consumed in restacking the items according to their expiration dates. The company would like to reduce the double and some× triple handling of items. How can this goal be achieved?

a) Implement an automated inventory tracking system.

b) Establish a first-in, first-out (FIFO) inventory system.

c) Increase the frequency of inventory audits.

d) All of the above

Answer 1

The Hawkins Supply company can reduce double and triple handling of items by implementing an automated inventory tracking system, establishing a first-in, first-out (FIFO) inventory system, and increasing the frequency of inventory audits.

Step-by-step explanation:

The Hawkins Supply company can achieve the goal of reducing the double and triple handling of items by implementing an automated inventory tracking system (option a), establishing a first-in, first-out (FIFO) inventory system (option b), and increasing the frequency of inventory audits (option c). An automated inventory tracking system can help keep track of the expiration dates and alert the company when items are near their expiration. A FIFO inventory system ensures that the oldest items are used first, reducing the likelihood of items expiring. Increasing the frequency of inventory audits allows the company to identify and address any potential issues with item rotation and expiration.