Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Two Bin Techniques : One of the oldest systems of inventory control is the two bin system, which is mainly adopted to control C group inventories. In the two bin system stock of each item is separated into two bins. One bin contains stock just enough to last from the date a new order is placed until it is received in inventory. The other bin contains a quantity of stock is enough to satisfy probable demand during the period of replenishment. To start with the stock is issued from the first bin. When the first bin is empty, an order for replenishment is placed and the stock in the second bin is utilized the ordered material is received.
Such a method is appropriate to ideal conditions in which the rate of consumption is fairly constant and for items the lead time of which is fairly established and regular.
Although the systems itself possesses a high degree of automacy, in practice we need to allow for variations in the rate of consumption as well as lead time. However for such a system the most desirable quantity to re order is the EOQ. Since the quantity to re order is fixed in advance it action of replenishment action can be delegated to the lower level staff and there i s need to take physical count of inventory also.
A possible disadvantage of the system is the requirement of additional storage facilities and perhaps some practical difficulty in keeping the two stocks properly separated.
The capacity of production systems as well as the nature of storage faculties considerably affects the inventory policy of an organization, e, g capacity for heating oi
The Driving Forces of Business What enters your mind when you hear the word business? Do you think about IBM? Or do you think about the mom-and-pop grocery stores? Businesses ra
What is an art of recording? Art of recording: Accounting is an art of recording business transactions within the books of accounts into a systematic way soon after their
QUESTION Write short notes on the following (a) The classical school of management (b) The contingency approach to management (c) Elton Mayo's Hawthorne Experiment and
Q. Improving business processes using information system? Investment in IT (information technology) could enable a firm to cut costs improve quality and customer service and de
Example: You are given the followings information in regard to an item: Annual usage = 20,00 units. Ordering cost = Rs. 160 per order Carrying cost = 20 % o
ADVANTAGES OF INTERNATIONAL TRADE
Question 1 In today's changing world, every bank must identify risks and manage them effectively to maintain cash flow and profitability of banks. They need to follow a suitable r
A company is considering whether to purchase a piece of land that has come up for sale at a cost of $10 million. Two suggestions have been made for the use of the land. One is to
Where do you stand on the issue
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd