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

Assignment - case studyassessment taskthe goal of knowledge

Assignment - Case Study Assessment task The goal of Knowledge Management (KM) is to increase the quality of the contributions people make to their organizations by increasing their motivation: helping people to take resp ...

Create a swot analysis of the usefulness of talent

Create a SWOT analysis of the usefulness of talent management in general. List the Strengths, Weaknesses, Opportunities and Threats (SWOT) that could propel an organization toward the creation of a specific method to ide ...

1 what are the practices that can be learnt from the

1) What are the practices that can be learnt from the theories and actual implementation of Green supply chain in Small Medium Enterprise (SME)? 2) What are the advantages and disadvantages for SME to implement Greer, Su ...

The company that you will do research on is ferrore it is a

The company that you will do research on is Ferrore. It is a chocolate company. The product of this company that you will do research on is Nutella. Answer questions briefly. in total it will be 6 page. put your answer f ...

Change management workbook 1a context analysisq1 how is ai

CHANGE MANAGEMENT WORKBOOK 1 A. Context Analysis Q1: How is AI (Artificial Intelligence) a game-changer in the industry you're analyzing? What new competitive dynamics/models emerge b/c of the introduction of AI? Q2: Ben ...

Question 1 - define high-performance work systems and

Question 1 - Define high-performance work systems and provide four examples of HR practices that promote this performance. Dessler, G. (2015). Human resource management (14th ed.) Pg. 17, 77-78 Your response must be at l ...

Global supply chain managementread the 2 passages which i

Global Supply Chain Management READ THE 2 PASSAGES WHICH I GAVE IN ATTACHMENT AND GIVE ANSWERS TO QUESTIONS THIS PAPER SHOULD BE 3 PAGES IT IS SAFEASSIGN CASE STUDY FORMAT Analysis/Responses to Questions (Total of 3 sing ...

1 why is the traditional buy-hold-sell inventory model an

1. Why is the traditional buy-hold-sell inventory model an expensive and potentially risky one? 2. What is the role of a supply chain management (SCM) system? 3. How does SCM fit into Porter's three generic strategies?

Discussion - managerial planningwhat are the types of plans

Discussion - Managerial Planning What are the types of plans? How are they distinguished from one another? Do you think plans with incremental objectives are more effective than those that contain stretch goals? Why or w ...

Historical overview of water sustainability and

Historical Overview of Water Sustainability and Treatment Write a 1050- to 1,400-word paper investigating a historical water contamination event. Examples include but are not limited to: BP Oil Spill Japanese Tsunami of ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen