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q what are the costs included in transaction costsisearch and information costsit is related to the cost that is involved in locating and evaluating
q what are the different methods for evaluating inventory costififo methodiiaverage cost methodiiilifo methodivactual cost methodvbase stock prices
q explain the formulation of a customer service strategyicustomer service segmentation it involves identification of the different segments of the
how is service separated from the person who provides the serviceservices frequently cannot be separated through the person who gives the servicea
how is capacity management important in the organisationcapacity managementcapacity management is a procedure which seeks to make sure that the
which strategy is assisting in an organisationorganisational flexibility will assist the organisation accomplish short lead times needed while
explain the working of employees in flexible organisationsworking of employees in flexible organisationsbull production workers may be needed to take
why are flexible organisations requiredflexible organisationsworkforce flexibility will be required because of uncertain market circumstances or
how is the chase demand strategy opposite of level capacitychase demand strategieschase demand strategies are the totally opposite of level capacity
define why a level capacity strategy could be complicated to adopt for an organisation operating a just in time systemlevel capacity strategyalong
how can be a mapping process donemapping processes can be awkward long winded and a complicated process as like getting everyone to agree what the
what are the advantages of process mappingadvantages of process mapping are as followsa it can be used for structured lsquowalk by testing to confirm
what is the process mappingprocess mappingfor processes to be enhanced they should first be demonstrated flow charts can help the use of process
when is the ordering cost decreasedordering cost falls while the size of order increases it is because when the size of order raises for the similar
when are the holding costs raisedholding cost rises while the size of order rises it is since a higher level of average stock will be kept during the
determine the formula of the economic order quantitythe formula for economic order quantity eoqeoq radic2x co x dchhered annual demand
what are the assumptions of economic order quantityassumptions of economic order quantity eoqa the stage of customer demand is identifiedb the stage
define the term economic order quantityeconomic order quantity eoqa mathematical computation for a fixed quantity of inventory ordered every time
what are the classified different stock items the abc system of inventory managementvarious stock items are classified as likea high value ab medium
illustrate the examples of the inventory control systemsexamples of inventory control systemsreorder level systemswhen the current stock level
what are the disadvantages of holding inventory control systemsdisadvantages of holding inventory control systemsa higher risk of damage theft and
what are the advantages of holding inventory control systemsadvantages of holding inventory control systemsa discounts for bulk buying for example
discuss about the holding inventory control systemsholding inventory control systemsholding great levels of inventory enables an organisation to be
state the perpetual inventory control systemscontinuous perpetual inventory control systemsstock levels are continually monitored and reviewed within
define the periodic inventory control systemsperiodic or bin inventory control systemsstock levels are reviewed at pre-found intervals of time and an