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.
Question 1: (A) Differentiate between work group and work team. (B) Fully explain the four types of teams. Question 2: State the factors associated wi
"In the past two decades Mauritius has experienced an unprecedented boom in the tourism industry. Tourism activities are mostly concentrated on the coastal zone and over 90% of th
List some scientific decision aids that you may prescribe to improve the situation.ion
Located in Texas, USA, KARLEE is a contract manufacturer of precision sheet metal and machined components for customers in the telecommunications, and medical equipment industries.
QUESTION 1 a) Explain the strengths and weaknesses of Corporate Social Responsibility (CSR) b) Discuss the challenges faced by a government in the implementation of CSR poli
what is utilitarianism and what are its benefit in business
QUESTION 1 According to the instrumentality theory of motivation, money is the main motivating factor at work. This can explain the existence of performance related pay in many
QUESTION 1 (a) Businesses are increasingly exposed to scrutiny and criticisms. Discuss four strategies which can be adopted by businesses to respond to these criticisms (b)
Problem 1. How do you and your organization define system? Mention the systems that require engineering. Defining system Mentioning the systems that require engineerin
Transformational leadership: The transformational leadership style depends on high levels of communication from management to meet goals. Leaders motivate employees and enhanc
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: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd