Inventory management, Project Management

Assignment Help:

Inventory management:

This refers to the method in which tangible resources and materials are handled by businesses in order to make sure resources are readily available for use. The simplest form of inventory management is the hard-copy technique whereby a list is kept of materials that are being used on a routine. When supplies run low, a purchase is made to replenish materials. In this way, a running inventory of the most important materials can be provided at any time. Inventory management is useful so that materials can be purchased when most wanted and also when the prices are low, nothing in this way can run critical.

The most important reason that inventory systems are used is to trace supplies so that inventory related problems can be identified quickly and required action can be taken to overcome them.


Related Discussions:- Inventory management

Supplier quality system, Supplier Quality System For important purchase...

Supplier Quality System For important purchases, ensuring acceptable supplier quality is critical. Conducting supplier quality audit is one of the steps in making sure the sele

Decision analysis, how to perform decision tree analysis for case study of ...

how to perform decision tree analysis for case study of transformation replacement..

Answer, summarise the argument for such a policy of partnering with a major...

summarise the argument for such a policy of partnering with a major supplier such as BAA and MACE HAVE DON HERE

Define the guidelines for software development program, Define the Guidelin...

Define the Guidelines for Software Development Program In this part we have known some common parameters as checkpoints for the assessment of some software development project.

Stakeholder management, 3. What are some ways to manage a stakeholder rela...

3. What are some ways to manage a stakeholder relationship closely? Give examples of how you might manage relationships differently based on the unique personalities of different

Housekeeping, what is the thumb rule to calculate the housekeeping manpower...

what is the thumb rule to calculate the housekeeping manpower requirement in office

What do you mean by the term dependency, What do you mean by the term depen...

What do you mean by the term dependency? How can project dependencies be shown for planning reasons? Dependency arises when, for illustration, task or deliverable 'A' should be

Increasing interest in employ of application development, Increasing intere...

Increasing interest is being taken in the employ of quick application development. Why is that, and are there any dangers related with the RAD approach? RAD has come to promine

What are the steps towards managing change, Question 1: (a) Outline so...

Question 1: (a) Outline some of the management principles that Project Managers need to adopt while managing a project team. (b) Resistance to change is inevitable, and th

Discussion Question, Your brother in-law is about to submit a scope stateme...

Your brother in-law is about to submit a scope statement to the town council for the July 4th parade and picnic he has volunteered to project manage. Your town has about 6,000 hous

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