Describe the perpetual and the periodic inventory systems

Assignment Help Operation Management
Reference no: EM13818680

Explain how MRP can decrease a company's inventory while improving its customer service level. Include a real-life example.

Describe the perpetual and the periodic inventory systems. How are they different? Are there circumstances in which one system is better than the other? Include real-life examples.

Reference no: EM13818680

Questions Cloud

How did the stock market indices react to these changes : How did the stock market indices react to these changes? How did long-term U.S. Treasury bond yields react to these changes? What happens to borrowers, savers, investors, and bank profits inside and outside the United States as these rates change?
Compare and contrast between make-to-stock and make-to-order : Write your own personal statement or comment with the essay below with each question.1. Compare and contrast between make-to-stock and make-to-order systems. In your comparison, why does each system require different types of contracts?
Comprehensive variance analysis : Sol Electronics, a fast-growing electronic device producer, uses a standard costing system, with standards set at the beginning of each year.
Explain the tension that exists in businesses today : Explain the tension that exists in businesses today between economics and ethics. Do you think that there does have to be a tradeoff between economics and ethics?
Describe the perpetual and the periodic inventory systems : Describe the perpetual and the periodic inventory systems. How are they different. Are there circumstances in which one system is better than the other. Include real-life examples.
Prepare a sales budget for january-february : Prepare a sales budget for January, February, and March. Prepare a production budget for January, February, and March. Prepare a purchases budget for January, February, and March. Prepare a direct labor budget for January, February, and March.
Do you want to follow a winning sports betting system : Do you want to follow a winning sports betting system but don't have time to analyze the stats and probabilities yourself? Are you tired of losing by following so called sports guru's that have no clue what they are doing? Imagine if you had a fully ..
Where are the main opportunities to improve the cycle time : Where are the main opportunities to improve the cycle time of this process, with respect to both actual time used and the potential best times. What strategy would you use
Calculate the equilibrium price and quantity : Calculate the equilibrium price and quantity and calculate the own (point) price elasticities of demand and supply at the equilibrium price and quantity.

Reviews

Write a Review

Operation Management Questions & Answers

  Electronics produces three different products in a plant

Incline electronics produces three different products in a plant that is open 40 hours per week. Each product requires the following processing times.

  What is the current multifactor productivity

What will the multifactor productivity of the deli be if a new employee is hired?

  Goal of maximizing shareholder wealth forms

Do you think that the commonly held goal of maximizing shareholder wealth forms the basis of identity for our capitalist systems and organizations? Why or why not?

  Which specific tort do you believe cortland should pursue

Would you recommend that is claim is one for an intentional tort or negligence, and why? Which specific tort do you believe Cortland should pursue.

  Assignment tasksbullexamine and present the problem in your

assignment tasksbullexamine and present the problem in your own words.bullanswer the ten questions posed.assessment

  Use in maximizing customer lifetime value

How would you measure customer profitability? What approach would you use in maximizing customer lifetime value? Explain.

  Discuss at least two possible advantages to using graphics

Discuss at least two possible advantages and two possible disadvantages to using graphics and charts in oral briefings. Discuss the implications of these advantages and disadvantages to the one responsible for communicating public policy.

  Potential impact of changes on budgets

After the project is approved, what is the potential impact of changes on budgets, schedules and deliverables? How will the project team be advised of changes to the project?

  Explain the database specialist or the business manager

Identify the data problems that must be resolved as you determine the system of record for each of the attributes in the proposed data warehouse. Who should make those decisions, the database specialist or the business manager leading this data w..

  The manager projects an average demand

the manager projects an average demand of between 14 and 18 cars an hour. would you reccomend 1 or 2 lines? explain. also, the car wash is open 300 hours a month.

  Calculate expected capital turnover

Consider the following data regarding budgeted operations for 20X7 of the Portland division of Machine Products:

  Describe the globalization or internationalization

The globalization, or internationalization, of the marketplace has become one of the defining events of our time. The pressure to produce a good or service while controlling costs and maintaining quality has profoundly affected the manufacture, d..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd