Buffer stock, Business Management

Assignment Help:

The demand and supply can never be assessed exactly. There is discrepancy between actual and estimated demand and supply quantities with fair degree of uncertainty. A buffer stock can also be defined as the average stock available inventory when the fresh supply arrives. It is presumed that this stock will be able to cope with the emergency if and when experienced. Generally buffer stock is maintained at the desired level by discontinuous replenishments at varying intervals of time. Factors affecting choice of buffer stocks are uncertainty in demand uncertainty in lead times and size of the batch. The large the uncertainty associated with any factor larger should be the size.


Related Discussions:- Buffer stock

Explain effective decision making, Question 1: (a) List three types of ...

Question 1: (a) List three types of supervision styles. (b) Describe each of them, stressing upon their importance to you as supervisors. (c) Write short notes on two maj

Communication is vital in management development programmes, QUESTION 1 ...

QUESTION 1 Discuss the differences between monologic communication and dialogic communication. Use a concrete example to illustrate your answer, highlighting the advantages and

Goverment companies, #what is a goverment compony&futures of advantages& di...

#what is a goverment compony&futures of advantages& disadvantages

Conflicts in profit versus value maximization principle, Q. Conflicts in Pr...

Q. Conflicts in Profit versus Value Maximization Principle? 1) Conflict between Departmental Goal and Firm Goal: There are several departments in affirm such as sales departmen

Business process reengineering, The  major  environmental  pressures are su...

The  major  environmental  pressures are summarized as the three  Cs Customers competition and  change. 1. Customers today  known  what they  want  what  they are willing to pay

Theory x and y of mcgregor, 1. Corporate Social Responsibility remains as a...

1. Corporate Social Responsibility remains as an essential part of business practice today. It can improve the reputation of the organisation since stakeholders will know the costs

Explain the characteristics of a traditional society, Question 1 Explai...

Question 1 Explain the four assumptions made by modernization theory about the process of social change in the Third World. Give your own examples to explain your discussion.

Concept of single gender classes, The concept of single gender classes has ...

The concept of single gender classes has been mainly designed and developed based on the fact that there are differences between male and female at various functional and structura

What is ramsay pricing, It allocates costs based on the price elasticity of...

It allocates costs based on the price elasticity of demand. Yet higher the elasticity (elastic), the lower the charge of fixed costs when allocated amongst products.

Difference between qualitative data and quantitative data, What is the diff...

What is the difference between qualitative data and quantitative data, provide an example of each - First of all, the Quantitative data comprises of figures as well as frequen

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