What are disadvantages of holding inventory control system, Operation Management

Assignment Help:

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.


Related Discussions:- What are disadvantages of holding inventory control system

Explain spread harmful rumours gossips uses bad language, Sara spread harmf...

Sara spread harmful rumours gossips uses bad language and lack civility in relationship while at work/ in which of the following is sarah engaging in/1.proert deviance/ 2 productio

Is work measurement used in organisation - process design, Is work measurem...

Is work measurement used in Organisation - Process Design Is work measurement used in your own organisation? If not, then give thought to how: alternative methods are compared

Calculate the standard time for the job, An  industrial  engineer  has obta...

An  industrial  engineer  has obtained the  following data  in connection  with a  time  study on  the lines  of the Hawthorne  studies  taking  four different  elements  and five

Process selection and process design, Process Selection and Process Design ...

Process Selection and Process Design Having identified alternative process sequences and process span choices, the question then to be answered is which of the configurations

Find intermediate calculations to 3 decimal places, travel on Mountain Airl...

travel on Mountain Airlines for the past 18 weeks was: Week Passengers Week Passengers 1 402 10 440 2 410 11 446 3 420 12 451 4 415 13 455 5 412 14 462 6 414 15 466 7 424 16 474 8

Explain management techniques, Provide two examples of current leaders and ...

Provide two examples of current leaders and describe how they demonstrate their leadership characteristics. What separates these characteristics from management techniques? How eff

Least factors to a project manager when building a team, Compare and contra...

Compare and contrast attributes that are most and least important to a project manager when building a team. Provide a work or project example to support your answer. Back up your

Define how each it project supports bill''s umuc pizza, Explain how each IT...

Explain how each IT project listed above specifically improves and/or supports Bill's UMUC Pizza business

Explain several organizational communication problems, Do some research to ...

Do some research to identify four to six common communication problems that occur in organizations? The text discusses several organizational communication problems. Provide exampl

Explain well-designed teams tend to sabotage leaders, When it comes to how ...

When it comes to how a team is designed (i.e., members, communication, goals, norms, etc.) and team leadership, which of the following statements is most true based upon the studie

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