Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

problem 1:

a) In which circumstance Forecasting Technique might be used as a method of the managing inventory?

b) Forecasting of future demand for inventory should be worked out as accurately as possible. describe three impacts of inaccurate forecasting. Describe your answers.

c) Classifying Inventory as A-class items, B-class items and C-class items helps Inventory Managers in devising suitable control strategies for each class of items:

  • Propose one control strategy for each of the three classes of ABC classifiction.                                                                      
  • State two limits of ABC Analysis as an Inventory Management Tool.

problem 2:

a) ‘Unnecessary Inventory’ has been recognized as one of the seven wastes in supply chains. Propose four ways of minimizing ‘Unnecessary Inventory’.

b) Stock Holding Costs and Ordering Costs are two of the major components of Total the Cost of Acquisition of Inventory

  • Describe the meaning of each cost.
  • List five cost elements of Stock Holding Costs.
  • For each cost element listed, propose one cost reduction strategy.                    

c) Standardization of stock items leads to the potential cost savings. Describe three ways in which cost savings can be accomplished via standardization                    

problem 3: prepare brief notes on each of the given:

a) Economic Order Quantity (EOQ)

b) Benchmarking

c) Stock-out Cost

d) Re-order Point System of Replenishment

e) Buffer Stock

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M96087

Have any Question? 


Related Questions in Management Theories

Assignmentusing an aggregate demand and supply diagram

Assignment Using an aggregate demand and supply diagram (please graph) explain how each of the following scenarios affects the equilibrium price level and aggregate output. Is there a difference in the Short Run versus t ...

1 public relations pr are the practice of good-quality

1. Public relations (PR) are the practice of good-quality communication between a company and the public. Conduct research to locate an effective example of public relations and an ineffective example of PR. Provide your ...

Case study formatanalysisresponses to questions total of 3

CASE STUDY FORMAT Analysis/Responses to Questions (Total of 3 single-spaced pages): These are not short-answer questions! This is where you show how much you understand the material. The grade for the paper depends heavi ...

Comparison in organizationusing your current work

Comparison in Organization Using your current work organization (or an organization of interest) and a second organization in the same industry as the subject matter, research the elements of business, compare and contra ...

There are production facilities in battle creek cherry

There are production facilities in Battle Creek, Cherry Creek, and Dee Creek with annual capacities of 500 units, 400 units, and 600 units, respectively. The annual demands at warehouses in Worchester, Dorchester, and Ro ...

What is the capability maturity model integrated cmmi and

What is the Capability Maturity Model Integrated (CMMI), and which organization is responsible for its development? What is systems accreditation? What is systems certification? What industry standard requires system cer ...

Each question must be a minimum of 200 words each question

Each question must be a minimum of 200 words. Each question should have a minimum of 1 scholar source for a total of 4 sources minimum. Cite sources in APA format. 1. In your opinion; what are the pros and cons of global ...

Innovation and it in supply chainsinstructions on

Innovation and IT in supply chains Instructions on Assessment: The assessment for this module is comprised of two parts. You MUST complete both parts. Part 1: The first part is a group presentation, which accounts for 25 ...

Scm globe reflection paper-the individual research paper

SCM Globe Reflection Paper- The individual research paper should demonstrate the individual's ability to integrate and synthesize the SCM Globe simulation as well as course concepts and research materials to communicate ...

The goal of this homework assignment is to set up and solve

The goal of this homework assignment is to set up and solve a Transportation Model problem in MS Excel using the Solver Add-in. MS Excel provides users with the Solver Add-in, giving them super powers to solve linear, in ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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