Explain appropriate levels of control for their inventory, Operation Management

Assignment Help:

Hatten (2009) stated, because inventory is such a significant expense, most businesses look carefully for ways to determine the appropriate levels of control for their inventory. Hatten (2009) discusses several inventory control methods 2013 Visual Control, EOQ, ABC Classification, EDI, JIT, and MRP. Which method do you feel would be the best?


Related Discussions:- Explain appropriate levels of control for their inventory

Case Study, After working for 30 years, Ramjee Somjee Dutt opted for VRS an...

After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine

What are generally accepted accounting principles, Yvon, an accountant, is ...

Yvon, an accountant, is charged with negligence by Zesty Sauce, Inc., a client. Yvon may successfully defend against the claim if she can show that (Points : 2) scienter was lackin

Connected flow and disconnected flow system, Connected Flow and Disconnecte...

Connected Flow and Disconnected Flow System Such systems deliver very low unit costs, they are vulnerable; because of the absence of work-in-progress buffers, if one process f

Explain what is customer relationship management, What is Customer Relation...

What is Customer Relationship Management - CRM? Describe the four-step framework for one-to-one marketing that can be adapted to CRM marketing? Provide at least one or two examples

Explain staff development, Staff Development Please respond to the follo...

Staff Development Please respond to the following: Analyze the different development approaches and discuss which approach (or which combination of approaches) would be most

Explain advantage of using digits to enter categorical, What is the advanta...

What is the advantage of using digits to enter categorical data rather than using words or letters?

Explain manager intends to install new equipment, Freight car loadings over...

Freight car loadings over a 12-year period at a busy port are as follows: Week Number Week Number Week Number 1 220 7 350 13 499 2 245 8 360 14 475 3 284 9 423 15 526 4 275 10 380

Explain line balancing, Explain Line Balancing. Line Balancing: It m...

Explain Line Balancing. Line Balancing: It means balancing the line between the product lines or assembly lines. This aims at grouping facilities and workers in an efficient

Improve efficiency in service organisations, Lean" thinking was first devel...

Lean" thinking was first developed with manufacturing organisations in mind. Explain FIVE examples of ways in which these waste elimination principles may be applied to improve eff

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