Amount of protection against storages, Business Management

Assignment Help:

There is always variation in demand and supply of product. The protection against such unpredictable variations can be done by means of buffer stocks.

a. Changes in Size and Frequency of Orders : The amount of product sold in large number of orders of small size can be operated with fewer inventories .

b. Unpredictability of Sales : If there are too many fluctuations in demand of product then these can be held only by flexible and large capacity of inventory operations.

c. Physical and Economic Structure of Distribution pattern : Longer the channel of distribution the more is the inventory requirement. Field inventories basically improve service to retailers by removing some of the burden of keeping stocks.

d. Costs Associated with Failure to Meet Demands : When there is heavy penalty on any delay in fulfilment of any order then inventory should be large.

e. Accuracy Frequency and Detail of Demand Forecasts : Fluctuations in stock exist when forecasts are not exact. The responsibility of forecast errors for inventory needs should be clearly recognized.

f. Protection against breakdown or other interruptions in production .


Related Discussions:- Amount of protection against storages

Thoughts of douglas mcgregor about management, Illustrates the thoughts of ...

Illustrates the thoughts of Douglas McGregor about management? Accroding to Douglas McGregor: Theory ‘X’ and ‘Y’, are theories put forward through Douglas McGregor. The th

Decision making and leadership, Question 1 Herring (1994: introduction)...

Question 1 Herring (1994: introduction) claims that "men and women have recognizably different styles in posting to the Internet". Discuss. Question 2 (a) Often women

Explain queuing theory, Explain queuing theory and give examples of the way...

Explain queuing theory and give examples of the ways in which it might benefit a hospital providing services to the public. Service organisations such as hospitals can benefit

Prepare a business report with statistics of a company, You are a business ...

You are a business analyst working for a company called Combined XYZ Pty Ltd. You have been asked to prepare a business report with statistics in it for the managing director. He w

"Medical Group Practices and Public Health", 1. Imagine a life threatening ...

1. Imagine a life threatening event or a natural disaster in your community such as a severe weather event, terrorist attack, or other type of public health emergency. Propose an o

Describe effective listening to your new recruits, QUESTION Effective c...

QUESTION Effective communication at the workplace is not entirely dependent on the speaker, but rather it also relies on the receiver's ability to grasp the message. As the Hum

Determining various stock levels, Another important decision is maintaini...

Another important decision is maintaining inventory and determining the inventory level. An inventory level is a quantitative limit, which should neither be much higher nor

Differentiate between the internet and the world wide web, QUESTION The...

QUESTION The advent of the internet in the 1960s and the World Wide Web in the 1990s has revolutionised global communications. (a) Differentiate between the Internet as well

Capstone project, Industry Analysis and Organizational Strategic Plan Th...

Industry Analysis and Organizational Strategic Plan This project is an individually-prepared strategic analysis with recommendations for a publicly-held corporation selected fro

International Business Case Study, VK Ltd a multi product company, furnishe...

VK Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000

Write Your Message!

Captcha
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