December 2012
Intermediate to advanced
561 pages
22h 33m
English
Content preview from Logistics Management ,3rd Edition by Pearson
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128 • Logistics Management
INVENTORY POLICY AT ITC.
As a policy, ITC, a major cigarette giant, maintains a stock of six (6) days pre-excise inventory at facto-
ries, four (4) days post-excise inventories in transit and six (6) days socks at wholesalers.
The in-transit or pipe inventory is of importance to the consigner, as the ownership of this
inventory still lies with him till it reaches the destination and is handed over to the consignee.
There is great uncertainty associated with the transit inventory. This inventory is not accessible
and cannot be used. The whereabouts of the transit inventory are not known unless you have
a sophisticated ...
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