Final answer:
A Zero-on-hand is performed weekly to inform the inventory system that an item is not available on the shelves, facilitating the reorder process if needed.
Step-by-step explanation:
Field inventory management, commonly known as inventory management, is the task of understanding the stock mix of a company and the handling of the different demands placed on that stock. The demands are influenced by both external and internal factors and are balanced by the creation of purchase order requests to keep supplies at a reasonable or prescribed level. Inventory management is important for every other business enterprise.
To let the system know that an item is not available on the shelves, you would perform a Zero-on-hand (a). This process involves updating the inventory system to indicate that there are zero units of a certain product on the shelves. This is an important step for inventory management as it helps to prevent customer disappointment and allows the system to automatically generate a reorder of the item if necessary.
The terms overstock refers to having more stock than what is needed or what can be stored, reorder means placing an order for additional inventory, and return signifies sending unsold or defective products back to the supplier.