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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
What is logical process modeling? What is physical modeling?
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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
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