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

Frameworks - indication industry maturity , Frameworks (e.g. 'S'-curve indi...

Frameworks (e.g. 'S'-curve indication industry maturity), models (e.g. Porter's Five Forces model), techniques (e.g. Key Success Factor analysis in combination with competitor anal

Productions and manufacturing budget based factors, Which factors are the p...

Which factors are the productions and manufacturing budget based? The productions and manufacturing budget based is based onto: 1. Sales budget, 2. Factory capacity (Prod

Production of management, why an organization should respond to emerging is...

why an organization should respond to emerging issues in order to remain competitive

Strategy, Explain strategy as an organizational process?

Explain strategy as an organizational process?

Memo format addressed to the vp marketing, As a Sales Manager, prepare a on...

As a Sales Manager, prepare a one page report in memo format addressed to the VP Marketing, providing sales updates for a newly launched FMCG product

A pharmacist reviews the order, Draw a Context Diagram and a Level 0 Diagra...

Draw a Context Diagram and a Level 0 Diagram using Visio for  the  following system : The pharmacy at Mercy Hospital fills medical prescriptions for all hospital patients and di

Marketing Plan in employee preformance Startegic, I''m kindly asking to mak...

I''m kindly asking to make an assignment against "Marketing Plan in employee performance Strategic" in 2000 words as per first attachment, also I need a Report against the assignme

5-year strategic planning, Guide lines for this 5-year strategic planning. ...

Guide lines for this 5-year strategic planning. Develop a five-year strategic plan with cost estimates and a time line. It should be 5-7 double-spaced, typed (12 point) pages plus

Describe why listening is an important skill for managers, Question 1: ...

Question 1: a) Describe why listening is an important skill for managers. b) Illustrate how positive body language may persuade your interviewer that you are a suitable cand

Find the total waiting cost, If the waiting time cost per hour for a FAST t...

If the waiting time cost per hour for a FAST truck is $100 and the waiting time cost per hour for a non-FAST truck is $40. Build the following ARENA models to help you decide which

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