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What are the disadvantages of holding inventory control systems?
Disadvantages of holding inventory control systems:
a. Higher risk of damage, theft and deterioration
b. Higher risk of stock obsolescence
c. Opportunity cost of money or cash tied up
d. Succeeding price reductions maybe be missed
e. Storage and administration cost of assists for example, warehousing, systems and staff.
1) A process oriented layout will minimize the total time spent on setting up machines? 2) By increasing the capacity of an operation you improve its efficiency. 3) Standard
1. A simulation model goes one step further than possible with analysis tools, because it can show how the process performs ____________ over time. 2. A(n) ____________ is a met
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