Techniques of inventory management

Assignment Help Business Management
Reference no: EM133092238

PART A

Techniques of inventory management include:

Economic order quantity.

Just in time inventories.

Optimum stocking level.

Periodic inventory.

Perpetual inventory.

Barcoding.

Point-of-sale systems.

Select three of the seven inventory techniques listed above and explore why a business would implement each one. Be sure to list specific reasons for each.

Part B

In Chapter 8 of the Webtext, you learned four simple ways you can use self-monitoring behaviors in the workplace. Review the table on page 8.3.

Self-Monitoring in the Workplace

1. Pay attention to the way others are behaving and act accordingly. This might mean doing research before an important meeting or simply assessing behaviors as they arise.

2. Read both verbal and nonverbal cues to assess the situation. For example, if you're monopolizing time in a meeting with unnecessary questions, your coworkers might look impatient or uncomfortable.

3. Find a balance between blending in and being your authentic self.

4. Practice self-awareness so you understand how your own feelings and desires are influencing your behavior.

Explain how you already use one of these self-monitoring behaviors at work or school.

Next, identify another behavior that you might need to work on for your future career

Reference no: EM133092238

Questions Cloud

About lenses of liberal arts change your perspective : How did learning about the lenses of liberal arts change your perspective and/or outlook?
Improve or optimize the process : Using 10 marbles (3 red, 3 green, 3 blue, & 1 orangeuse a cup as target for the marble or ball to land into
What is the size of the annual investments : Tony's son, Mark will start college in 9 years. Tuition costs $27,000 today, increasing at an annual rate of 5.4%. What is the size of the annual investments
Determine the price of menu : How do a restaurant management determine the price of each menu. Elaborate your answers thoroughly with real life examples.
Techniques of inventory management : Techniques of inventory management include. Select three of the seven inventory techniques listed above and explore why a business would implement each one.
The early era of international business : International business has been around for centuries. In fact, its origins can be traced back as far as 2000 B.C. to the trading that took place between North A
What is the gain or loss recorded on the sale of the patent : On September 1, 2023, Tabitha decides to sell the franchise right for $342,000. What is the gain or loss recorded on the sale of the patent
Analyze the role of geography and firm performance : Analyze the role of geography and firm performance: physical features of the region, transportation networks, climate, demographics, development indicators and
Make the proper journal entries to record this event : TK has determined that each option has a fair value of $30 on February 1, 20X3, and the fair value is $20 on April 1, 20X3. Make the proper journal entries

Reviews

Write a Review

Business Management Questions & Answers

  Process of finding possible candidates

Recruitment refers to the process of finding possible candidates for a job or function. What are the limitations of Internal sources of recruitment?

  What are the newest directions in strategy

What are the newest directions in strategy development and execution?

  Face air transportation carriers and shippers

What are the challenges that face air transportation carriers and shippers? In your opinion, how can these risks be mitigated?

  Develop a business continuity plan

Explain the best ways to develop a Business Continuity Plan based on Prevention, Preparedness, Response, and Recovery (PPRR) framework?

  State automobile license renewals operations

Jessica, the manager of an Atlanta branch office of the state Department of Motor Vehicles, attempted to perform an analysis of the driver's license renewal.

  Health services information systems

Research your chosen software's functions and how it works, and critically analyze your findings. Chosen software is Epic. Create a Submit a 1 to 2 page outline with the researched references on Epic.

  Strategic prospecting strategy

The company is located in your town. It can produce 5,000 bottles per day and does not sell the tea directly to consumers.

  Boost the sales of a product or a service

If we are referring to the 4 P's, advertising is needed to boost the sales of a product or a service. For a company which organizes a trade show

  Examine various transfer pricing scenarios which tech sonic

Examine various transfer pricing scenarios which Tech Sonic might adopt and the likely impact of each on the Tech Sonic subsidiaries as well as the parent corporation.

  Describe key aspects of at least two religious traditions

Describe some key aspects of at least two religious traditions including something of their histories, beliefs, rituals, and ethics (values).

  Performance of the company through team success

Operational - Can the team impact the performance of the company through team success?

  Explain how does the ucc define a sale

The applicable statute is expressly limited to goods sold in California. Monaco argued which this RV had been sold in Nevada. Explain how does the UCC define a sale?

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