Ask Question, Ask an Expert


Ask Management Theories Expert

problem 1:

a) What are the key reasons for holding stocks?

b) In pricing material issues from stores, cost pricing might be applied in one of two ways generally abbreviated to FIFO and LIFO. Give a description of such methods.


1594_fifo cost price model.jpg

The store transactions of company XYZ is as per above table. Compute the value of issues and stock balance value for all the transactions, by using FIFO cost price method.

d) The monthly consumption of an item is 200. The carrying cost of the item is estimated to be 20% of the item price per year. The price of the item is Rs 180, while the unit procurement cost is Rs 1200. How many orders must be placed per year for this item?

e) State the main costs related with holding stocks.

problem 2

a) Define ABC analysis and exemplify an illustration by using the Pareto Curve.

b) What are the general policies applied with regard to inventories falling in each and every category.

c) What are the limitations of the ABC analysis?

problem 3:

a) State the stocktaking process and state the key reasons why stocktaking is carried out?

b) What benefits can continuous stocktaking have over periodic stocktaking?

problem 4

a) Define layout of stores and in brief state the advantages of good stores layout.

b) What factors must be considered when designing a suitable layout of stores?

problem 5: prepare in brief on the given terms.

a) Stock out costs

b) JIT

c) Coding Systems

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M96068

Have any Question? 

Related Questions in Management Theories

Distribution warehousing and inventory functionswithin the

Distribution, Warehousing, and Inventory Functions Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for fu ...

Scm case analysis forecasting and planningyou will be

SCM Case Analysis: Forecasting and Planning You will be developing our course project. First, you will select one company from the list below to focus on during these three units: L. L. Bean. Starbucks. Intel. ...

Task - develop a charter for the rals rostering project

Task - Develop a charter for the RALS Rostering project including: Include the project description and overview you have developed as part of your preparation for Assessment. Part One: MOV - Measurable Organisational Val ...

Task-you are required to write a report about the negative

Task- You are required to write a report about the NEGATIVE effects of the use of Social Media in the workplace in Australia. This is not about what is the use of Social Media in the workplace nor about its role as a mar ...

Assessment interview this assessment task has been designed

Assessment: Interview This assessment task has been designed to allow you to demonstrate how you apply your skills and knowledge of working in a counselling framework through practical application of these skills. It is ...

Assignment - business intelligence solution development and

Assignment - Business Intelligence Solution Development and Report for Social Enterprise BI Solution Development and Report In the BI practicals, we saw how the Watson Analytics tools interact with data sources to produc ...

Assignment questionsq1 write the math program for the

ASSIGNMENT QUESTIONS Q1. Write the math program for the following bids in the lane procurement auction. Clearly define the variables, constraint and objective function LANES   SUPPLIER I          SUPPLIER II         NUMB ...

Think of the last time you had to make a decision in the

Think of the last time you had to make a decision in the workplace. Was the decision effective? In your opinion, what makes a decision effective?

Segmentation analysis pmd personal microdermbackground of

Segmentation Analysis: PMD Personal Microderm Background of the product PMD personal Microderm products are at home microdermabrasion products for healthier skin. Microdermabrasion is a non-chemical procedure which remov ...

Assessment 1 case managementthis assessment is designed to

Assessment 1: Case Management This assessment is designed to allow you to demonstrate your knowledge and skills in case management practices and protocols including: - Develop and utilise case management processes approp ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate