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

How managers deal with elements of the specific environment, QUESTION 1 ...

QUESTION 1 How has Henry Mintzberg and others contributed to identify the roles and skills of a manager? QUESTION 2 (a) Outline the major elements that make up the gene

Discuss the functions of a theory in communication, QUESTION 1 What acc...

QUESTION 1 What according to you are the essentials of effective communication? QUESTION 2 List out and discuss the various factors that affect communication. QUEST

How will an investor earn risk less arbitrage, Question: 1. What factor...

Question: 1. What factors might an individual investor take into account in determining her or his investment policy? 2. Distinguish between fundamental and technical securi

Difference between storefront model and the auction model, Question 1: ...

Question 1: (a) Explain the difference between the storefront model and the auction model in e-commerce. (b) A company would like to extend its business over the Internet.

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

Technology uses, what is use of technology in banking sector

what is use of technology in banking sector

Business ethics, what are the fundamental principles of business ethics?

what are the fundamental principles of business ethics?

What are the different types of decisions, What are the different types of ...

What are the different types of decisions? Decisions might be of different types: Several of the significant kinds of managerial decisions are described below: • Programm

Mr, three ogarnizational attitudes

three ogarnizational attitudes

Describe and explain the transformational leadership model, Question 1: ...

Question 1: (a) Give a brief description of the fight-or-flight response. (b) Outline the difference between stress and stressors. (c) What are the major sources of stres

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