Buffer stock, Business Management

Assignment Help:

The demand and supply can never be assessed exactly. There is discrepancy between actual and estimated demand and supply quantities with fair degree of uncertainty. A buffer stock can also be defined as the average stock available inventory when the fresh supply arrives. It is presumed that this stock will be able to cope with the emergency if and when experienced. Generally buffer stock is maintained at the desired level by discontinuous replenishments at varying intervals of time. Factors affecting choice of buffer stocks are uncertainty in demand uncertainty in lead times and size of the batch. The large the uncertainty associated with any factor larger should be the size.


Related Discussions:- Buffer stock

Resources of Business, I want to know what are the resources of Business??

I want to know what are the resources of Business??

Just-in-time inventory control system, Plants : Numbers changes occur about...

Plants : Numbers changes occur about the plant which include plant layout multi function workers, demand pull production kanbans self inspection MRP ( material requirements pla

Evaluating capital-expenditure, Evaluating Capital-Expenditure Proposals at...

Evaluating Capital-Expenditure Proposals at Biotechnique Chemicals In submitting a project for senior-management approval, the proposers had to identify it as belonging to one

Evaluate the companys approach to innovation management, Select a company o...

Select a company of your choice. You are to analyse, evaluate and critique the company's approach to Innovation Management. Identify who the key player/s is/are? Comment on the ty

Organization factors, There are certain factors which are related to th...

There are certain factors which are related to the polices traditions and environment of any enterprise. a. Labor relation policies of the organization. b. Amoun

Explain about the term lead time, Explain about the term Lead Time. L...

Explain about the term Lead Time. Lead Time: It is the time which takes the stock to reach through Re-order point to minimum stock level. This may be also described as th

Describe the decisional roles as proposed by mintzberg, Question: (a) H...

Question: (a) Henry Mintzberg has put a lot of emphasis on decision making as a very aspect of the managers' job. In this context, Describe the decisional roles as proposed by

Strategic planning, discuss the importance of strategic planning to a Zimba...

discuss the importance of strategic planning to a Zimbabwean manager

Marketing, give a full report on the tactics and strategy on a start up bus...

give a full report on the tactics and strategy on a start up business

CASELET, Do you agree with the view such abusive happenings on the telephon...

Do you agree with the view such abusive happenings on the telephone do not have any impact on business?

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