In order to meet the requirements of the Learning Outcome, you will be assessed on the following Criteria:

In order to meet the requirements of the Learning Outcome, you will be assessed on the following Criteria:

AC 4.1 Explain two inventory systems used in business (300 – 350 words);
AC 4.2 Explain how modern inventory systems can improve the control of Inventory (300 – 350 words);
AC 4.3 Explain what is meant by inputs, outputs and adjustments (300 – 350 words);
AC 4.4 Explain how Inventory is typically audited (300 – 350 words); and
AC 4.5 Explain the suitability of Key Performance Indicators (KPIs) used to measure the performance of inventory management (300 – 350 words).

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