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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
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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
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Discuss the supply management''s heightened concern for future acquisition needs - for example, capital equipment acquisition, supplies contract, standard commodity, etc.
Using managerial problem solving discuss the pitfalls of satisficing and escalation of commitment
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