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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 (Just-In-Time) refers to an approach to purchasing, which requires long term agreements with a few suppliers. JIT is an essential feature and a necessity in case of many perishable food commodities such as milk, fruits, vegetables, fish, meat, etc. There are stipulations which specify that certain vegetables (example, gherkins) have to reach the processing units within 6 to 10 hours from the time of harvest, for maintaining the desired quality. The JIT approach is dependent on leadership and a clear communication of "objectives and demands. It requires teamwork and collaboration internally and also with suppliers
If the company does not change its current distribution strategy, what will its distribution cost be for the following quarter?
Q. What are the different methods for evaluating inventory cost? i. FIFO method ii. Average cost method iii. LIFO method iv. Actual cost method v. Base stock prices
What is the effect of overstocking and under stocking in an organization?
Harley Davidson purchases components from three suppliers. Components purchased from Supplier A are priced at $ 5 each and used at the rate of 240,000 units per year. Components pu
As1. Ms. Winnie Lin’s company sells computers. Monthly sales for a six-month period are as follows: MONTH SALES Jan 18,000 Feb 22,000 Mar 16,000 Apr 18,000 May 20,000 Jun 24,000 a.
Question 1 Explain the Shipping Process Flow Chart and the issues associated with seaports Question 2 Discuss the important documents that are used in international logistic
the center-led enablers could be utilized without expending a great deal of corporate P/SM’s resources or requiring additional personnel?
how to judge whether it is worth processing an order of $ 1,000 at a gross margin of $ 200?
The Fresh Produce Supply Chain Fresh produce was grown in many locations worldwide. However, certain areas proved more economically viable than others for large-scale producti
explain six sigma
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