Question: hi please assist with this case study questions Question one 155 Marks! Inventory management at Flame Electrical Read the case study and answer the questions

hi
please assist with this case study questions hi please assist with this case study questions
Question one 155 Marks! Inventory management at Flame Electrical Read the case study and answer the questions that follow Inventory management in some operations is more than just a part of their responsibility is their very reason for being in business Fame Electrical, South Abrics largest independent supplier and stributor of tamps, such a business. It stocks over 200 types of mg, which are sourced from 34 countries and distributed to customers throughout the country effect our customers are using as to manage their stocks of sources for themsa Self Schaffer, the Managing Director of Flane Electrical. They could they wanted to hold their own stock but might not want to devete the time or money ordfort to doing so. Using as they get the widest range of products to choose from decotefast and dependable services Central to the company's ability to provide the sectores e comovered stock management system. The system is formation of Rames customers, the type of lamps they may order, the quality and brand offames the prefer, the price to be charged and the location of each item in the warehouse. When a customer phones in to order, the computer system immediately and at the formation, which is confirmed to the customer. This leaves only the quantity of each long required by the customer to be keyed in the system then generates an instruction to the chose to pick up and dispatch the order. This instruction includes the shelf location of each dem The system even calces the location of each in the war ich will in the movement of stock for warehouse staff Orders for the replenishment of stocks in the warehouse Dripened by re-order point system. The reader point is set for each stocked tem depending on the demand for the product during the order lead time orecast from the equat periods orders the Previous year, the order load time for the tem which vates romhours to four month and the variability of the lead time from previous experiences. These of the element onder depends on the same being sederet. Fame prefers met onders to be for a whole number of contineriods (the shipping costs for part-containers being more expensive However, lower onder quantities of small or expensive lamps may be the order quantity for each samo a haced on the demand, its value and the cost of torture from the Suppliers. However, this can be overridden in an emergency customer, such as hospital urgently needs a particular tam which is not into the company wil vese fast courier to fly them from overseas -al for the sake of maintaining reputation for high service levels our sons. But we could not sure we did not control socks styre carrying the cost of every tampin our warehouse until the customer eventually pays for at stock levels were too high we could not seeriti for that reason that we go as far as to pay incentives to the based on how we they low working capital and socks under control Source: UTM, 2005 (10) Question One 11. Pie an deniedoston on what seems to the stock replenishment policy of Fame Electrical 12 How does the stock replenishment policy differ from cortional economic order quantity theory? (20) 13. Does theme Electrical computer system comply with our Inperatives? Provides comprehensive desint substantiate your under 1253

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