Consider the five types and functions of inventory

Assignment Help Operation Management
Reference no: EM13899787

Inventory

Consider the five types and functions of inventory. Briefly describe each one followed by a real world example. Is one of the functions more important than the other functions? Is so, why and if not, why not?   Be sure to defend your answer and respond to at least 2 other student posts.

Reference no: EM13899787

Questions Cloud

Does price exceed average variable cost : A purely competitive firm finds that the market price for its product is $30. It has a fixed cost of $100 and a variable cost of $10 per unit for the first 50 units and then $25 per unit for all succcessive units. Does price exceed average variabl..
Briefly describe the franchise : Briefly describe the franchise
Calculate the magnitude of the average force : What was the magnitude of the average force exerted on your car during braking? What was the direction of the average force exerted on your car during braking? What was the direction of the average force exerted on your car during braking
New project with high-coupon bond vs low-coupon bond : When do you think the firm should consider financing a new project with high-coupon bond vs. low-coupon bond? The factors you could consider could include (but not limited to): external capital market conditions, central bank policies, and firm chara..
Consider the five types and functions of inventory : Consider the five types and functions of inventory. Briefly describe each one followed by a real world example. Is one of the functions more important than the other functions? Is so, why and if not, why not?   Be sure to defend your answer and respo..
Share ideas about how to best approach : You have been hired as the first HR Director of Company Good Service which provides call center services for several credit card companies. The call centers are located in the Portland, Oregon Houston, Texas, and Raleigh, North Carolina markets. What..
Different kinds of costs in carrying inventory : Compare and contrast the different kinds of costs in carrying inventory and what role the inventory turnover ratio has in determining those costs.
What combinations of management style : Why is it important to understand management style if you are an HR professional or manager? Discuss at least three points. What combinations of management style might you use in each of these situations and why?
Ethics and professionalism : A production line engineer, Shane, checks every chip for quality control. His workers find errors approximately every 150 chips. Either the defective chips must be sent back for repair or they must be axed (thrown away). The manager, Rob, has mandate..

Reviews

Write a Review

Operation Management Questions & Answers

  How would you apply the strategy in in your decision

How would you apply the strategy in in your decision to select or not select the candidate? Include the selected strategy in your response.

  What is the average number of prescriptions in the queue

Alwan decides to hire a second pharmacist, Ajay Aggerwal, whom he went to school with and who operates at the same speed in filling prescriptions. How will the answers to parts (a) and (b) change?

  Rivets used to secure the stainless steel sheet metal

Rivets used to secure the stainless steel sheet metal of aircraft wings are designed to withstand certain shearing forces. It is known that because of random variations in location the load on a rivet is Weibull distributed with a scale parameter ..

  What are the effects of such restrictions

Are firms likely to encounter restrictions in the equity markets and what are the effects of such restrictions likely to be on a firm's investment and operating decisions? Explain.

  What are the advantages of cutting the total cost cube

What are the advantages of cutting the ‘total cost cube’ in different ways? Summaries the different perspectives on logistics costs provided by fixed/variable, direct/indirect and engineered/discretionary costs, and by activity-based costing.

  Creating calculated field to display the age value

If a field is calculated, everyone, where is the expression for that calculation going to be coded? There are a couple of options.

  Organize a new product development project

List five reasons to organize a new product development project as a functionally organized project in the parent firm’s Marketing Department.

  Describe a possible mission for operations

Describe a possible mission for operations also some strategies that fit the ambulance service. Illustrate what is the probability that the project will be completed before the late-payment deadline.

  Write a brief history of the company

Find a Company that you can get "insider" information on. Someplace YOU work.....or someplace your 'significant other' works (or your roommate, or your parents, etc.). This will make the project MUCH easier for you.

  How could two companies with similar gross profit figures

How could two companies with similar gross profit figures end up with dramatically different net operating income.

  Different types of seasonal resorts

How can cash flows be smoothed out through the year at different types of seasonal resorts?

  Identify three implications of the emergence of the BRICs

Estimate the likely market evolution of the BRICs (Brazil, Russia, India, and China) over the next decade. What economic indicators might companies monitor to best guide their investments and actions? Identify three implications of the emergence of t..

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