What are the advantages of holding inventory control systems, Operation Management

Assignment Help:

What are the advantages of holding inventory control systems?

Advantages of holding inventory control Systems:

a. Discounts for bulk buying for example, order higher volumes but few frequently

b. Reduction within transaction costs when buying higher volume but less often

c. Continuity of production for example ignore stock-outs and expensive hold ups

d. Flexibility to meet surges within customer demand

e. ignorance of price rises as an example, buy larger quantities while the price is lower


Related Discussions:- What are the advantages of holding inventory control systems

Explain what suggestions for improvement, You are the contracting officer's...

You are the contracting officer's representative (COR) of a program management support contract awarded to Easy Corp. It is the first year of a five-year contract. You have noti

Explain what is a learning organization?, Q1. What is a learning organizati...

Q1. What is a learning organization? Q2. 1. "JUST DO IT" advertisement for Nike. What is the marketing purpose of this slogan? Is this slogan effective? 2. "DAIMONDS ARE FORE

Explain own personal devices used for work, BYOD and we are reading so much...

BYOD and we are reading so much about BYOD (bring-your-own-device). Are the mobile devices you use for business owned by the company or are they your own personal devices used for

Search a financial analysis report of coca-cola, Where can I find a financi...

Where can I find a financial analysis report of coca-cola for the past 5 years. I stress full financial analysis for the past 5years.

Explain negotiating pay and benefits, Use the internet to research how an i...

Use the internet to research how an interviewee or a current employee might negotiate better pay and/or benefits. Consider using a search term like "negotiating pay and benefits" o

Explain essentials of system analysis and design, Essentials of System Anal...

Essentials of System Analysis and Design Read the Hoosier Burger scenario on page 199 in Chapter 6 of the text and address the following (you only need to complete parts a throu

Demand Forecasting and Inventory Management., Discuss the supply management...

Discuss the supply management''s heightened concern for future acquisition needs - for example, capital equipment acquisition, supplies contract, standard commodity, etc.

Explain managerial problem solving discuss the pitfalls, Using managerial p...

Using managerial problem solving discuss the pitfalls of satisficing and escalation of commitment

Explain important part of strategic training, Why is evaluating training an...

Why is evaluating training an important part of strategic training?

Explain how do the bi needs of business professionals, How do the BI needs ...

How do the BI needs of business professionals and medical professionals differ?

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