Question: Q1) A firm purchases raw materials, assemblies and sub-components and MRO from multiple suppliers to convert them into the finished goods. (05 Marks) Identify the

Q1) A firm purchases raw materials, assemblies and sub-components and MRO from multiple suppliers to convert them into the finished goods. (05 Marks)

Identify the dependent and independent demand for the firm.

The firm sells its finished goods to a local distributor for further reselling on monthly cycle. The distributor has to manage the floor and ensure the track record of inventory. The distributor uses cycle counting to maintain the physical record.

Explain what is cycle counting and what are the hurdles in this process? How can you improve the cycle count method?

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