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Probelm 1:
What is an EOQ model? Describe explanation (basic EOQ model)
Explanation of total cost (including formula, order cost, holding cost etc.)
Graph showing EOQ model ,EOQ formula drawback of EOQ(including key conditions)
Reasons why EOQ model is used
Probelm 2:
Show the types of locator system
1-what are distribution costs? 2- what are lost opportunity costs? 3-what are ordering costs?
what is a managing material flow
What is Just-In-Time (JIT) approach? What are the reasons for adopting JIT in an organization? State the replenishment techniques used by retailers? Just in-time (JIT) JIT (Jus
why warehousing would considered as a necessary evil
Assess the benefits of outsourcing in the supply chain Outsourcing - meaning Advantages of outsourcing - two categories - 1. Direct benefit 2. Indirect benefits
Benefits Outsourcing would eliminate the time constraints and the developmental process would take place at a faster pace Boeing can remain abreast of the latest trends
application of scm principles in financial services
Question 1: (a) You are required to identify the dimensions you would use to evaluate the quality of a product (b) You are required to identify the dimensions you would u
Question 1: Critically evaluate the case for outsourcing the transport and distribution activities of an organisation to a third party provider. Question 2: a) What are
explain the concept of benchmarking
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