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

Calculate seasonal index for all quarter, The number of visitors at a theme...

The number of visitors at a theme park by season and year has been recorded and is given in the following table: Quarter 2003 2004 2005 2006 Winter 45 46 35 16 Spr

Explain how would you make a needs assessment, Suppose you were conducting ...

Suppose you were conducting a marketing analysis for a new textbook about technology management. What would you need to know to identify a market segment? How would you make a need

Generate a table that includes all of the key elements, Create a table that...

Create a table that includes all of the key elements that you think an organization must focus on to promote change

Define the future values of the following ordinary annuities, Find the futu...

Find the future values of the following ordinary annuities: a. FV of $800 paid each 6 months for 5 years at a nominal rate of 5%, compounded semi-annually. Round your answer to

What must be the amount of baruch''s annual contributions, Payment = $4,000...

Payment = $4,000 interest rate =10% number of periods = 20 Find fva Stressed and penniless after months of day trading, Mr. Baruch decides to invest his savings into a conservative

Define the information security issues facing the government, Evaluate: Eva...

Evaluate: Evaluate the information security issues facing the government and identify its three biggest concerns. Application: Demonstrate how the government can use authentication

Calculate sample mean & superimpose the frequency histogram, 1. (a) For the...

1. (a) For the measurement data presented below, draw a frequency histogram using a class width of 0.1 mm; calculate the sample means and superimpose their frequency histogram; com

Organisation development - improving productivity, Organisation Development...

Organisation Development - Improving Productivity  The objectives of organisation development are to change systems, culture and behaviour in order to improve organisational e

International Business Management, Describe the sentence "The world economy...

Describe the sentence "The world economy is globalizing at an accelerating pace"

Explain companies can voluntarily acknowledge a union, Companies can volunt...

Companies can voluntarily acknowledge a union through a card check recognition process if it appears to have 30% support.

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