Question: I need the answer with examples Chapter# 6 Inventory Management Explain all function of the inventory and discuss it details. Inadequate control of inventories can
I need the answer with examples
Chapter# Inventory Management
Explain all function of the inventory and discuss it details.
Inadequate control of inventories can result in both understocking and overstocking of items discuss the objective of inventory control.
Define the five elements of inventory costs.
Why do companies used ABC approach to manage their inventories and how the ABC approach work.
The question of how much to order can be determined by using an Economic Order Quantity EOQ Define the EOQ and with what kind of order can EOQ work better.
A drone manufacturer uses approximately silicon chips annually. Annual holding cost is SR per chip, and ordering cost is SR Determine the following:
a What is the EOQ?
b What is the total annual cost if the EOQ quantity is ordered?
Chapter# Transportation
Management
Why is documentation a very important component in transportation? Write two uses of documentations in Transportation.
Discuss the basic issues and problems involved in concealed loss and damage claims.
Describe two of the factors that are used to determine product's freight classification.
Explain how a routing guide might be used by a transportation manager.
Chapter# Supply Chain Risk Management
Discuss the sources of the supply chain Risks.
List the risk assessment methods and explain two of this method
Describe the risk repsponse matrix and how it works.
Why is it important to document register risk
Chapter# International Logistics
Define the term 'International Logistics' with examples.
Macroenvironmental influences are the uncontrollable forces and conditions facing an organization. Explain in detail three of these influences that affect the international logistics
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