10)a) Define the term Inventory Control and list different areas in which inventory control can be...

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10)a) Define the term "Inventory Control" and list different areas in which inventory control can be applied in an industrial setting. b) A company whose monthly supply is 40,000 units to its customers, has the monthly holding and setup costs of # 100,000 and #500,000 respectively. If shortage is not allowed, determine the: i) EOQ ii) Optimum Scheduling period (t) c) If shortage of #40,000 is allowed, determine the: i) EOQ ii) Optimum Stock level iii) Optimum Shortage level iv) Total Cycle 11)a) What is Project Appraisal? b) Briefly discuss on its importance/relevance. c) Discuss the Viability Concept and its main Indicators. 10)a) Define the term "Inventory Control" and list different areas in which inventory control can be applied in an industrial setting. b) A company whose monthly supply is 40,000 units to its customers, has the monthly holding and setup costs of # 100,000 and #500,000 respectively. If shortage is not allowed, determine the: i) EOQ ii) Optimum Scheduling period (t) c) If shortage of #40,000 is allowed, determine the: i) EOQ ii) Optimum Stock level iii) Optimum Shortage level iv) Total Cycle 11)a) What is Project Appraisal? b) Briefly discuss on its importance/relevance. c) Discuss the Viability Concept and its main Indicators.

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10 a Inventory Control refers to the process of managing and regulating the inventory levels of goods or materials within an organization It involves monitoring tracking and optimizing the flow of inv... View the full answer