Define inventory procurement and inventory carrying cost, Project Management

Assignment Help:

Define the inventory procurement cost and inventory carrying cost.

Inventory Procurement Cost and Inventory Carrying Cost:

Inventory is a detailed list of such movable items that are essential to manufacture a product and to keep the equipment and machinery into good working order. Procurement costs reduce as the order quantity rises. Carrying costs are mostly directly proportional to the order size or order quantity or lot size.


Related Discussions:- Define inventory procurement and inventory carrying cost

Fixed position based layout, Fixed Position Based Layout As the term its...

Fixed Position Based Layout As the term itself implies, fixed layout involves the movement of men and machines to the product which remains stationary. In this type of layout th

Process planning, Process Planning Process planning is the systematic dete...

Process Planning Process planning is the systematic determination of method or process by which the product is to be manufactured economically and competitively within the limits

Total quality management, TOTAL QUALITY MANAGEMENT: Decision making is...

TOTAL QUALITY MANAGEMENT: Decision making is an important management process in any organization. Without decision, nothing can be properly planned or accomplished. Decisions

Directing-process management, Directing (leading) This is the function ...

Directing (leading) This is the function concerned with influencing organizational members to carry out their assigned roles and activities. This function includes motivation,

Process capability - tqm, Multiplicity of processes available for a job th...

Multiplicity of processes available for a job the selection of an appropriate process is not an easy matter. Choosing a process with over capability is as bad as choosing one w

Analysis of data, After the data have been collected the researcher turn...

After the data have been collected the researcher turns to the task of analyzing them. The analysis of data requires a number of closely related operations such as esta

Determine the supporting project activities for estimate, Describe differen...

Describe different types of supporting project activities for estimating. Estimate the given supporting project activities are as follows: 1.    Project management 2.    Team lea

Explain feasibility analysis and product development process, Q. Explain Fe...

Q. Explain Feasibility Analysis and Product development process? Once the product concepts have been  formed, the feasibility studies are conducted. This study involves the fol

Concepts of market size, When JF persuaded a leading retail supermarket cha...

When JF persuaded a leading retail supermarket chain to trial her 'home-made' chocolate dessert range she could not have anticipated how well it would sell. Now a year on she has f

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