What are the advantages of holding inventory control systems, Operation Management

Assignment Help:

What are the advantages of holding inventory control systems?

Advantages of holding inventory control Systems:

a. Discounts for bulk buying for example, order higher volumes but few frequently

b. Reduction within transaction costs when buying higher volume but less often

c. Continuity of production for example ignore stock-outs and expensive hold ups

d. Flexibility to meet surges within customer demand

e. ignorance of price rises as an example, buy larger quantities while the price is lower


Related Discussions:- What are the advantages of holding inventory control systems

Logical process modeling, What is logical process modeling? What is physica...

What is logical process modeling? What is physical modeling?

What are organizational and personal decisions, What are organizational and...

What are organizational and personal decisions? A way makes organizational decisions in the capacity of a company officer. These decisions reflect the fundamental policy of the

Why is this an vital concern for all businesses today, 1)What should you do...

1)What should you do after the fact when your company's information security has been breached? 2)what can you do to protect your company's data from unauthorized access? 3)W

Explain after a risk workshop has been completed, After a risk workshop has...

After a risk workshop has been completed, risk interviews are often completed with subject matter experts. Assess the value of the interviews to identify risk response strategies.

What way does a t1 use to achieve high throughput, What method does a T1 us...

What method does a T1 use to achieve high throughput over twisted pair wiring? a. frequency division multiplexing b. wavelength division multiplexing c. statistical multip

Explain the high physical demands of the job, The Dubuque Cement Company pa...

The Dubuque Cement Company packs 80-pound bags of concrete mix. Time-study data for the filling activity are shown in the following table. Because of the high physical demands of t

Line balancing, what do you understand by line balancing?what happens if ba...

what do you understand by line balancing?what happens if balance does not exist?

Finance and the marketing function, Question 1: (a) What degree of aut...

Question 1: (a) What degree of autonomy does the HRM enjoy in relation to its various stakeholders? (b) Is conflict inherent in the relationship between the HR function on

Line balancing, What do you understand by “line balancing”?

What do you understand by “line balancing”?

Disadvantages of periodic systems for controlling inventory, What are the d...

What are the disadvantages of periodic systems for controlling inventory? The disadvantages of periodic while compared to continuous systems for controlling inventory are as fo

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