Disadvantages of periodic systems for controlling inventory, Operation Management

Assignment Help:

What are the disadvantages of periodic systems for controlling inventory?

The disadvantages of periodic while compared to continuous systems for controlling inventory are as follows:

a. Could be vast disruption at specific intervals for example, at the financial year ending to production flow, anything may require to stop to make sure a good cut off point for stock to be actually verified.

b. It could less control over stock since missing or obsolete items might not be identified often adequate.

c. More probable that outsized errors or discrepancies will be discovered while physical stock is counted and compared along with any stock records kept.

d. Higher risk of stock outs happening when stock levels are not reviewed often.

e. However periodic can be allot easy and less complex like a system to keep.


Related Discussions:- Disadvantages of periodic systems for controlling inventory

Explain in a state where contributory negligence applies, In a state where ...

In a state where contributory negligence applies, a motorist that is about 10% responsible for a collision with another motorist, who sues the other motorist for negligence, will l

Negative feedback in open system, Negative Feedback in Open System A u...

Negative Feedback in Open System A ubiquitous feature of all open systems is feedback. This is necessary for a system to maintain dynamic equilibrium despite being subjected t

Explain switching methods, Which of the following switching methods is fast...

Which of the following switching methods is faster? A. cut-through mode B. source-route C.store and forward D. translational

Explain what is a serial entrepreneur, 1. What is a serial entrepreneur? Is...

1. What is a serial entrepreneur? Is this a new phenomenon? 2. What does it take to be a successful serial entrepreneur? 3. Steve Chen, former PayPal engineer who co-founded

Find the net present value, The company is considering a capital expenditur...

The company is considering a capital expenditure of $480,000. It has an estimated life of 4 years and no salvage value. The estimated net income and new cash flow from the project

Industrial society - operations function, Industrial Society - Operations F...

Industrial Society - Operations Function In the industrial society, estimated during the period of growth of industrialisation roughly 1820-1920, machines and the production o

Explain milestones important when implementing major change, Why is the cel...

Why is the celebration of milestones important when implementing major change? Explain your position

Explain the term organisation structure, Explain the term organisation stru...

Explain the term organisation structure. It is the systematic arrangement of the people doing work for the organisation so as to achieve predecided goals.  This structure is

Simplex method , Q3. Solve the following Linear Programming Problem using S...

Q3. Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 4 X1+ X2 2 X1, X2 0

Find an example where break-even analysis could be applied, In your own org...

In your own organisation find an example where break-even analysis is/could be applied.

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