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Problem 1:
(a) Define the terms ‘ inventory' and ‘inventory control'.
(b) State the classification of supplies for inventory purposes in your organisation.
(c) List the aims of inventory management.
(d) Explain clearly acquisition costs, holding costs and costs of stockouts.
Problem 2:
Explain three types of 'Benchmarking' identified by Harrison and describe how organisations might benefit from them.
What is Decision Support System? Explain its structure and its functions. Decision Support System - meaning - Functions of DSS - Components or Structure of DSS - 1. Mode
Sampling Risks Any uncertainty in a project plan that potentially can be controlled, tracked or identified is termed as Risk. Risk analysis involves consideration of uncertaint
Problem 1: (a) Discuss briefly the main key tasks of a typical strategy process. (b) Explain the importance of strategic tools that may assist to carry out each task.
explain the major inputs into the MRP system
how does starbucks fit into the value chain of the coffee industry
S upplier quality rating Over a period of time supplier quality rating provides a quantitative summary of supplier quality. This type of rating is useful in deciding how to al
explain the concept of benchmarking
describe the supply chain for milk
1. Based on your own research on the use of e-commerce/e-procurement in the public and private sectors, what are those elements that you consider to be unique to each? 2. How woul
Describe the activities and levels of the food supply chain. Food Supply management - activities in the Food supply chain - Production, Consolidation Logistics, Further consol
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