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how can be a mapping process donemapping processes can be awkward long winded and a complicated process as like getting everyone to agree what the
what are the advantages of process mappingadvantages of process mapping are as followsa it can be used for structured lsquowalk by testing to confirm
what is the process mappingprocess mappingfor processes to be enhanced they should first be demonstrated flow charts can help the use of process
when is the ordering cost decreasedordering cost falls while the size of order increases it is because when the size of order raises for the similar
when are the holding costs raisedholding cost rises while the size of order rises it is since a higher level of average stock will be kept during the
determine the formula of the economic order quantitythe formula for economic order quantity eoqeoq radic2x co x dchhered annual demand
what are the assumptions of economic order quantityassumptions of economic order quantity eoqa the stage of customer demand is identifiedb the stage
define the term economic order quantityeconomic order quantity eoqa mathematical computation for a fixed quantity of inventory ordered every time
what are the classified different stock items the abc system of inventory managementvarious stock items are classified as likea high value ab medium
illustrate the examples of the inventory control systemsexamples of inventory control systemsreorder level systemswhen the current stock level
what are the disadvantages of holding inventory control systemsdisadvantages of holding inventory control systemsa higher risk of damage theft and
what are the advantages of holding inventory control systemsadvantages of holding inventory control systemsa discounts for bulk buying for example
discuss about the holding inventory control systemsholding inventory control systemsholding great levels of inventory enables an organisation to be
state the perpetual inventory control systemscontinuous perpetual inventory control systemsstock levels are continually monitored and reviewed within
define the periodic inventory control systemsperiodic or bin inventory control systemsstock levels are reviewed at pre-found intervals of time and an
explain the process of the procurement of raw material and componentsmanaging the procurement of raw material and components into the production
q what are the various managing inventory toolsraw materialmaterials and elements used to assemble or manufacture finished
q explain about the managing inventorymanaging inventory stockretailers buy stock or inventory and sell that to customers that manufacturers buy raw
q define the role of supply networksthe role of supply networks is defined as given belowa to assist the corporate and competitive strategyb speed up
q explain about the vertical integrationbackwards vertical integration a firm integrating backwards into its supply chain the supplier included in a
q what software applications can support inbound logisticsthe following software applications can support inbound logistics bar coding for the
q what are the supplier sourcing strategies in the purchasing departmentsupplier sourcing strategies it is the responsibility of the purchasing
q what are the receipts handling in the purchasing departmentreceipts handling it is the responsibility of the purchasing departmenta
q explain the ordering of the purchasing departmentordering is the responsibilities of a purchasing departmenta negotiating along with suppliersb
q define the investigation of the purchasing departmentinvestigation of a purchasing department it is the responsibilities of a purchasing