Cycle inventories, Business Management

Assignment Help:

Cycle inventories are held for the reason that purchases are usually made in lots rather than the exact amount which may be needed at a point of time. Of course if all purchases are made exactly as and when the item is required there would be no cycle inventories. But practically purchases are made in lots the reason being that if purchases are made frequently and in small number then the cost involved in obtaining the items would be very large.

Inventory Decisions: In an inventory control situation there are three basic question to be answered. They are:

a. How much to order ? that is to say what is the optimal quantity of an item that should be ordered whenever an order is placed ?

b. When should the order be placed ?

c. How much safety stock should be kept?


Related Discussions:- Cycle inventories

Implementing an e-business strategy at digiland, QUESTION Read the case...

QUESTION Read the case study found on page 5 of the question paper and answer the questions below: (a) What are the impacts of implementing an E-Business strategy at Digilan

Time management wizard, Problem Organisations and individuals could der...

Problem Organisations and individuals could derive great benefits from an all-in-one Time Management Wizard. Although there exist various tools such as Calendars and Timesheets

Political environment analysis of car industry, Analyse the political Envir...

Analyse the political Environment of car distribution industry.

Identify and briefly describe these resources, QUESTION While managing ...

QUESTION While managing public or private institutions, managers have to deal with various resources (a) Identify and briefly describe these resources (b) Using a concret

Explain how a commercial bank normally derives its profits, QUESTION (a...

QUESTION (a) Explain how a commercial bank normally derives its profits. (b) The business of banking entails risk taking to achieve return on investment since profits are co

Describe the features of the business, Question 1: You are the chief ac...

Question 1: You are the chief actuary to a general insurance company. The company's main lines of business are employers' liability, marine, aviation and private motor insuran

9 cor concepts, what are the nine core concepts of marketing?

what are the nine core concepts of marketing?

Describe the elements of execution of advertising in brief, Question 1 Dis...

Question 1 Discuss the Visualisation strategy in advertising and the components of Visualisation strategy Question 2 Describe the elements of execution of advertising in brie

Primary system development models, Problem 1. Identify three types of s...

Problem 1. Identify three types of systems or system upgrades that may be ideal candidates for a Waterfall Development Model strategy Identifying and explaining the three

Organising behaviour, what could you do to make Rajinder?s transition easie...

what could you do to make Rajinder?s transition easier?

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