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What are the disadvantages of holding inventory control systems?
Disadvantages of holding inventory control systems:
a. Higher risk of damage, theft and deterioration
b. Higher risk of stock obsolescence
c. Opportunity cost of money or cash tied up
d. Succeeding price reductions maybe be missed
e. Storage and administration cost of assists for example, warehousing, systems and staff.
Quality Management Systems - Improving Productivity The introduction of approaches such as ISO 9000; Total quality management, business process reengineering, just-in-time ope
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Explain the facts on which Economic Order Quantity is depend Economic Order Quantity depends on two costs: (i) Inventory procurement costs which consists of expenditure con
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