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There are three main purposes or motives of holing inventories:
a. The transaction Motive : Which facilitates continuous production and timely execution of sales orders .
b. The precautionary Motive which necessitates the holding of inventories for meeting the unpredictable change in demand and supplies of materials.
c. The speculative Motive which induces to keep inventories for taking advantage of price fluctuations saving in re ordering costs and quantity discounts etc.
1. WHOM DO YOU THINK RAJENDER WILL EAT WITH? WHY? 2. IF YOU WERE ONE OF THE OTHER FOREMEN, WHAT COULD YOU DO TO MAKE RAJINDER''S TRANSITION EASIER?
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Case study: Mr Jones, an American, accepts a position as an adviser in an African country. He will work directly with Mr Nkosia citizen of the country. Together they have manag
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benefits
importance of management
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