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What are the classified different stock items?
The ABC system of inventory management
Various stock items are classified as like:
a. High value (A)
b. Medium value (B)
c. Low value (C)
Higher value items are reviewed more often and controlled through a greater extent than low value things. This is since better stock control of high value items will reduce cash tied up unnecessarily into high value raw material or finished goods stock, supporting more effectual cash flow management for the organisation. It is an illustration of a periodic inventory system.
explain the extend to which SCM is applicable to a service operation like Cruise int.
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Chris Suit is administrator for Lowell Hospital. She is trying to determine whether to build a large wing on the existing hospital, a small wing or no wing at all. POPULATION TR
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