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INVENTORY MANAGEMENT ((3) EXPLAIN 5 COSTS THAT INVOLVED IN INVENTORY…
INVENTORY MANAGEMENT
(3) EXPLAIN 5 COSTS THAT INVOLVED IN INVENTORY MANAGEMENT
FACILITY COSTS
HUMAN CAPITAL
FINANCE COST
MANAGEMENT COST
PROCUREMENT COST
INVENTORY TURNOVER
STOCK ACCURACY
PILLAGE AND ULLAGE
SERVICES LEVEL
(2) WHAT ARE THE BASIC IN INVENTORY MANAGEMENTS
LOCATION
ON SITE
OFF SITE
DROP SHIP
IDENTITY
STOCK KEEPING UNIT
ID LABELS
UNIT OF MEASURES
PLAN
PUSH
PULL
RECORD
PAPER
PC
(1) DEFINE INVENTORY MANAGEMENT
THE PRACTICE OVERSEEING AND CONTROLLING OF THE ORDERING , STORAGE AND USE OF COMPONENTS HAT A COMPANY USES I THE PRODUCTION OF THE ITEMS ITS SALES
INVENTORY MANAGEMENT ALSO THE PRACTICE OF OVERSEEING AND CONTROLLING OF QUNTITIES OF FINISHED PRODUCTS FOR SALE
A BUSINESS INVENTORY IS ONE OF ITS MAJOR ASSETS AND REPRESENT AN INVESTMENT THAT IS TIED UP UNTIL THE ITEM SELLS
(4) BRIEFLY EXPLAIN 3 SERVICES CLASSES IN INVENTORY MANAGEMENT
CRITICAL
NON CRITICAL
SCHEDULED DELIVERY
(5) WHAT ARE THE STRATEGIES TO BETTER MANAGE INVENORY
VENDOR MANAGEMENT INVENTORY
POSTPONEMENT LOGISTIC