Three inventory classification systems

Assignment Help Operation Management
Reference no: EM131033365

The ABC Classification Method is one for the three inventory classification systems. The other two are First-In, First-Out (FIFO) and Last-in, First-Out (LIFO). How would you describe the ABC classification system, describe inventory security using this method, and critique ways to improve your ABC inventory classification system?

Reference no: EM131033365

Previous Q& A

  Bargaining team members

In the Carrell, Heavrin textbook, at pages 211-212, review “Case Study 2 Selection of Bargaining Team Members.” After reading the case study, explain whether the company’s position is an unfair labor practice. Then, prescribe a method of resolution a..

  Defining the just-in-time system

What are the responsibility evaluation factors for awarding a contract to a contractor for critical parts for new Just-In-Time production system? Support your answer by first defining the Just-In-Time system.

  Describe approaches to international dispute settlement

What is international law? One of the first issues the chapter addresses is the rule of law. Explain this concept's importance to an international manager. Describe approaches to international dispute settlement. How are antitrust laws enforced?

  How long is line on average-entering administrative services

Problem 7-5 Students arrive at the Administrative Services Office at an average of one every 25 minutes, and their requests take on average 15 minutes to be processed. What percentage of time is Judy idle? How long is the (waiting) line on average? W..

  Computer technical support business

Diana, Gina, and Earl of Florida incorporate their computer technical support business as Fast Aid, LLC. This LLC was a franchise. The franchiser with the same name has the main office in Delaware. Why or why not? Will the bank succeed against the Fl..

  Lockout-tagout and machine guarding programs

Consider a manufacturing plant that makes AA batteries. It is a highly mechanized facility with a lot of machinery and automated systems. Summarize how an organization might go about measuring the success and/or failures of the company's confined spa..

  Create a staffing plan based on the tanglewood case

Create a Staffing plan based on the Tanglewood Case. Use the concepts and theories learned to support your plan. Cite your work. Explain your staffing process: What is your staffing objective? What activities will you use and why? What alternatives w..

  Issue of benefit equality for all legally-married couples

The Supreme Court ruled in Obergefell v Hodges (14-556, 576 U.S.___, June 26, 2015) that the same-sex couples cannot be denied the right to marry in any state. While this settles the issue of benefit equality for all legally-married couples, companie..

  Public policy as he was breaking up a criminal act

John Doe is a prison guard for the state of Louisiana. He is represented by the state employees’ union. His training clearly instructs that he is never to leave the post unattended because of potential danger to other employees and possible escape of..

  Assume you are in charge of developing the strategy

Assume you are in charge of developing the strategy for a multinational company selling products in some 50 countries around the world. One of the issues you face is whether to employ a multi-domestic strategy, a transnational strategy, or a global s..


Write a Review


Similar Q& A

  Event on campus to raise money for charitable organization

Assume you are organizing an event on campus to raise money for a charitable organization (ex: Relay for Life for the American Cancer Society). Last year your goal was to raise $9,000, but $8,000 is all that was raised. How could you implement feedfo..

  Threats from competitors and the macro environment

Discuss your views of McDonald’s strategic prospects based upon your analysis of the external assessment and consideration of the opportunities to grow, as well as threats from competitors and the macro environment.

  Identifies a key principle of reengineering

A Responsibility Chart specifically identifies which of the following? Which of the following identifies a key principle of Reengineering

  Effective performers-lots of potential for advancement

Assume you are supervising employees who fall in one of three categories: Effective performers who have lots of potential for advancement. Effective performers who are happy to stay where they are and who lack motivation or ability (or both) for adva..

  Jj is selling an exclusive hand-made necklace on ebay it is

jj is selling an exclusive hand-made necklace on ebay. it is estimated that the demand next month is a function of

  Supply-chain management

How can supply-chain management (SCM) help a company establish a competitive advantage? What are ways that companies can improve their supply chains?

  Elements required for successful implementation

The elements required for successful implementation of the JIT/Lean philosophy include reducing setup times, performing preventive maintenance, and achieving high quality (zero defects).

  How might he be compensated for the loss in purchasing power

If the lender knows he will receive $9.9 million in payment after 14 years, how might he be compensated for the loss in purchasing power? A descriptive answer is acceptable.

  The activities needed to build a prototype laser scanning

The activities needed to build a prototype laser scanning machine at Dave Fletcher Corp. are listed in the following table. Construct an AON network for these activities.

  Case study on brand partiy perception

Case study on Brand partiy perception on the German automotive market

  Find the wip level required to achieve under assumption

Assume you want during put of the line to be 90% of the bottleneck rate. Find the WIP level required to achieve this under the assumptions.

  Management mostly subscribes to theory belief system

Imagine and describe an organization in which management mostly subscribes to a Theory X belief system. Contrast this environment with one in which management mostly subscribes to a Theory Y orientation. Which one of these more closely resembles your..

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