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Problem 1:
(a) Define the terms ‘ inventory' and ‘inventory control'.
(b) State the classification of supplies for inventory purposes in your organisation.
(c) List the aims of inventory management.
(d) Explain clearly acquisition costs, holding costs and costs of stockouts.
Problem 2:
Explain three types of 'Benchmarking' identified by Harrison and describe how organisations might benefit from them.
WHAT IS THE DIFFERENCE BETWEEN SUPPLY CHAIN AND VALUE CHAIN
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Case study on DIMCO they have multi external suppliers - 10 regional (6 in US and 4 out). each has 12 local distributors that supply 35 retailers. recommendations to integrate the
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