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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.
Recalling your participation in Workshop 1, identify a process at your organisation that has been or could be analysed and/or improved using simulation (via software such as Extend
Refer to the results from the SimQuick simulation model below to answer the following 5 multiple-choice questions. You will see that the results are similar to the two-teller, bank
Theory of constraints -TOC The theory of constraints was first proposed in 1986 by Dr Eliyahu M. Goldratt in his widely read book The Goal. The theory of constraints is the pr
Ask que Prepare Paul Jordan’s report to John Smithers using regression analysis. Provide a summary of the cell phone industry outlook as part of Paul’s response. stion #Minimum 100
A person stole a car from a car rental agency. The police spotted the car and gave chase. The thief hit another car, seriously injuring that driver. The person who stole the car fl
Develop a strong talent management program globally to develop and retain talent that you have been losing to competitors and downsizing. Discuss the strategies that you might use
From 11:00 AM to 12:00 Noon, 30 people arrive at a bank on average. When they enter they get in line to wait for a cashier. On average there are 3 customers in line waiting. On ave
Identify and discuss how these groups impact health care quality and patient safety: federal oversight agencies, accrediting bodies, and consumers.
WHAT IS FAILURES OF SERVICE
Which of the following is not a criterion used in forming segments? Potential for increased profit Similarity of needs of potential buyers within a segment Competitive pos
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