Question: (I will surely downvote if you give generic answer or if you miss even one of the sections mentioned below. If you don't know the
(I will surely downvote if you give generic answer or if you miss even one of the sections mentioned below. If you don't know the answer, please skip it and let others answer it).Inventory Management 1. What are the main arguments for the maintenance of supplies? 2. What are the preconditions for effective use of resources? 3. Explain in a few terms each inventory bill. 4. What are the benefits and drawbacks of stock control RFID tags? 5. Why is it possible for companies in different industries to use inventory turnover rates to evaluate their inventory production ineffective? 6. What do managers do with the effects of the A-B-C classification? 7. a. Make a description of the key hypotheses of the EOQ model. b. How do you react to criticism of the inaccuracy of EOQ models when D, S and I values are at best educated guesses? 8. Describe how higher transport costs contribute to inventory reductions. 9. What is the secure stock feature and what is it for? 9. 10. In what circumstances would there be a large amount of security stock? Small? Small? Zero? 11. What does the term "level of operation" mean? What is the connection between service level and the amount of safety stock generally maintained? 12. In a few sentences, describe the A-B-C inventory management approach. 13. The purchasing agent in the Latin American nation for a company manufacturing and selling air conditioning equipment announced that each rearrangement has significantly increased the price of compressors. The organisation uses an EOQ model to evaluate the order scale. What are the effects on the order size of this price increase? In addition to the price, what other factors should be considered? 14. Describe how a decrease in setup time can reduce a company's overall inventory and whether this would be beneficial. 15. What is the single-period approach and when will it be used? 16. Can the optimal inventory volume ever be less than expected demand in the one-period model? Brilliantly describe. 17. What approaches can an organisation use to minimise inventory requirements? 1. What kind of trading is used with all of these aspects of inventory control? Putinnality is what has been said.
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