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 ______________.

• A. Stock Keeping Unit (SKU) code, Motley Crowd
• B. Motley Crowd, Demand not uniform or not predictable \
• C. Obsolescence, Shelf life
• D. Stock Keeping Unit (SKU) code, Obsolescence

Hint:

SKU = Unique product code for inventory tracking. Obsolescence = When products become outdated or obsolete.

Answer 1

The Correct Option is D

A Stock Keeping Unit (SKU) code is a unique alphanumeric identifier for each product, facilitating efficient inventory and sales management.
Obsolescence describes the state of products becoming outdated or superseded, often due to technological progress.

Consequently, 'Techworks' confronts two inventory challenges: managing SKU codes for tracking purposes and addressing Obsolescence driven by technological shifts.