August 2011
Beginner
547 pages
16h 12m
English
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POINTS TO REMEMBER
- What are the benefits of holding inventory?
- It meets the transaction needs, precautionary needs and the speculative needs of the operation.
- What are the costs of holding inventory?
- The costs having direct relationship with holding of inventory, are material cost, holding cost and financing cost.
- The costs having inverse relationship with holding of inventory are order cost and stock-out cost.
- What is ABC analysis?
- Classification of inventory based on its importance and cost.
- What is EOQ?
- The size of a particular order where the order cost equals the holding cost of the average size of inventory or, in other words, the total cost is the minimum. In terms of equation,
- The size of a particular order where the order cost equals the holding cost of the average size of inventory or, in other words, the total cost is the minimum. In terms of equation,
- At what point of time, the subsequent order ...
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