Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

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.

c)

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

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 ...

Instructions1write an 800- to 1000-word research paper in

Instructions 1. Write an 800- to 1000-word research paper in which you: a. Create a policy statement that summarizes why diversity is an ethical imperative for your organization. i. Use both a secular and biblical perspe ...

In learning session four each student is to submit a 5

In Learning Session Four, each student is to submit a 5 word-processed Staffing Practices Paper. The paper should contain three sections: Section I: The student should describe the corporate recruitment and selection pro ...

Company descriptionnbsp acme manufacturing company is a

Company Description:  Acme Manufacturing Company is a small manufacturing company that makes widgets for all known industries.  It purchases designs from other companies of products already in production and then takes o ...

Assessment task- analytical report alternative

Assessment task- Analytical report (alternative B) ASSESSMENT Length: 2000 words ±10% (excluding front matter and reference list) Objectives This assessment task relates to course learning outcomes numbers 1 to 5. Before ...

According to the literature there are four types of

According to the literature, there are four types of logistics/supply chain performance indicators. They are supply chain efficiency, supply chain responsiveness, supply chain flexibility and supply chain quality managem ...

Managing strategic resources and operations assessment task

Managing Strategic Resources and Operations Assessment Task 1: Operations Learning outcomes- Apply critical thinking to address issues in business Convey information clearly and fluently, in high quality written form app ...

You are required to select a restaurant and write a report

You are required to select a restaurant and write a report analysing the factors influencing the pricing decisions and the behaviour of costs in the chosen restaurant. Your report should include: a. An analysis of the fa ...

Assignmentexamine other aspects of supply chain management

Assignment Examine other aspects of supply chain management, including how to optimize capacity and inventory and the trade-offs between capacity and inventory. To prepare for this Collaboration: Review the attached reso ...

Why would a company use trade secrets to protect their

Why would a company use trade secrets to protect their invention? Wouldn't it make more sense to patent something? See attached document Wolfe Electric, Inc. v. Duckworth as an example. 500 words required. Please add cit ...

  • 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