Inventories and inventory management

Assignment Help Operation Management
Reference no: EM131369519

Inventories - and inventory management - should be a thing of the past. An efficient and effective organization should be able to employ lean and just-in-time concepts so that inventories are not necessary. Do you agree or disagree with this statement? Be sure to offer insight and an example from your own experience to support your position.

Reference no: EM131369519

Questions Cloud

Differences between horizontal and vertical integration : Please explain in detail the differences between horizontal and vertical integration. Please explain in detail the different types of vertical integration. Please explain in detail, the value, rarity and imitability of product differentiation. Please..
Two employees violate the same work rule : Two employees violate the same work rule. One is above average in performance and has been with your company for 8 years. The other employee is an average performer who has been with your company for a little over a year. Should these employees recei..
Under the employee retirement income security act : Under the Employee Retirement Income Security Act (ERISA), a fiduciary is required to: Who among the following has committed the tort of slander? An employer has a legitimate interest in monitoring employee email when the purpose is to: Pursuant to t..
Computer is able to check the entire population of pencils : New computerized systems are able to check for defects on products right on the assembly line. For example: a pencil manufacturer is able to use laser scanning to check for the size of the pencils. Since the computer is able to check the entire popul..
Inventories and inventory management : Inventories - and inventory management - should be a thing of the past. An efficient and effective organization should be able to employ lean and just-in-time concepts so that inventories are not necessary. Do you agree or disagree with this statemen..
What organizing to implement vertical integration means : Please explain in detail what "Organizing to implement vertical integration" means and how it involves organizational structure, management controls and compensation policies.
Dictum of management theory : It has long been a dictum of management theory that leaders must adapt their behavior to fit the specifics of a situation. Discuss whether transformational leadership is appropriate for all occasions. In which situations might it not be effective and..
Backtracking algorithm : COSC 2007 -Data Structures - The backtracking algorithm helps the mouse by systematically trying all the routes through the maze until it either finds the exit or exhausts all possible routes
What are difference between discrete and continuous variable : qnt 275-What are the differences between quantitative and qualitative variables? What are the differences between discrete and continuous variables.

Reviews

Write a Review

Operation Management Questions & Answers

  Finding the control limits used in the range control chart

Computer upgrades have a nominal time of 80 minutes. Samples of 10 observations each have been taken, and the results are as listed. Historical data show that the standard deviation of the upgrade times is 0.5 minutes.

  What concepts of scientific management are useful today

What concepts of scientific management are useful today? Is there any remaining use of time and motion studies, of standard times, or of man-machine interaction studies?

  Detecting unethical practices at supplier faculty

Assess the value of having a Supplier Code of Conduct when outsourcing operational functions to international markets and the enforceability of such a code.

  What can corporations do to foster ethical behavior

What can corporations do to foster ethical behavior within the organization? Are laws passed and enforced by the government enough to compel ethical behavior? What is the relationship between laws and corporate culture?

  Should the pricing decisions in argentina be delegated

Should the pricing decisions in Argentina be delegated to the local managers? Why or why not?

  Explain the role of ethics and social responsibility

Explain the role of ethics and social responsibility in developing a strategic plan,considering stakeholder needs.

  The project management is an important tool

The project management is an important tool to plan schedules, budget and execute work to be accomplished in project management. Project managers are responsible for planning labor, equipment and financial needs for specific projects.

  Annual activity of labor and management relations

Create a timeline of the annual activity of labor/management relations from 1978 through 2014, providing a short synopsis of the major changes in Labor Relations and how they apply to human resources. Highlight the areas of most importance. Write a s..

  Describe the factor-weighting technique

Describe the factor-weighting technique that can be used to simultaneously consider multiple supplier criteria.

  Explain how does culture affects the role of pay

Explain how does culture affects the role of pay as a motivating force for employees. Would this issue be raised differently in the United States.

  Estimate for potential customer service contract

As the estimator for Rajendra Tibrewala Enterprises, your job is to prepare an estimate for a potential customer service contract. The contract is for the service to diesel locomotice cyclinder heads. The shop has done some of these in the past on a ..

  Evaluate how well the design of the first ip web site

Evaluate how well the design of the FIrst IP Web site meets the needs of a potential small business customer?

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