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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
illustrate the strategic positioning toolsstrategic positioning tools according to reck and longbull passive as clerical and transaction based
q define the strategic positioning by reck and longthe strategic positioning tool through reck and longreck and long looked at the various positions
q explain the strategic supply wheel according to cousinsthe strategic supply wheel suggests that this is imperative to keep an alignment of
q what are the inter-connect factors introduced by cousinscousins introduced the following inter-connected factors to strategically affect supply
q explain linking purchasing to the corporate strategylinking purchasing to the corporate strategywording of professor paul cousin about supply chain