Why are inventory management performance measures important?
Question:
Why are inventory management performance measures important?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
The presence of inventories helps to create good custome...View the full answer
Answered By
Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Operations Management A Supply Chain Process Approach
ISBN: 978-1483383064
1st edition
Authors: Joel D. Wisner
Question Posted:
Students also viewed these Business questions
-
What would be some good inventory management performance measures for a fast-food company? A bicycle repair shop? A big-box retailer?
-
1. Why are inventory management and demand planning so important for Land OLakes? What is the business impact of not being able to manage inventory or predict demand for this company? 2. What...
-
You will be creating an overall operations and supply chain plan (6 months to 2 years- i.e. short and medium term) based on a product that received funding by one (or more) of the "sharks" in the hit...
-
How does unemployment behave over the business cycle?
-
Explain the characteristics of an ideal domain name.
-
Find k if the lines given in Exercise 37 are perpendicular. Data from Exercises 37 Find k if the lines 4x ky = 6 and 6x + 3y + 2 = 0 are parallel.
-
5. List the required governmental fund financial statements under GASB 34. On what basis of accounting are these statements prepared?
-
Sweeney & Allen, a large marketing firm, adjusts its accounts at the end of each month. The following information is available for the year ending December 31. 1. A bank loan had been obtained on...
-
MNP Ltd has two production departments Department A and Department B and one service department Department S. The actual costs and other particulars incurred by the departments are given below....
-
One operation of a mill is to cut pieces of steel into parts that will later be used as the frame for front seats in an automobile. The steel is cut with a diamond saw and requires the resulting...
-
Chloramphenicol is an antibiotic isolated from the Streptomyces venezuelae bacterium. Predict the expected isotope pattern in the mass spectrum of this compound (the relative heights of the molecular...
-
Why do you think inventory is considered a necessary evil in organizations?
-
Bruno LeBron was recently assigned as the technology officer for a midsized, business-to-business (B2B) consulting firm. His company offered other businesses help with planning locations for new...
-
6.10 Long Div. and Comp Square Calculus - No Calculator Find the indefinite integral. 1. S 4x-34x+56x-21 4x-2 dx Mastery Check #2 1 dx 2. Sx-4x+5x x-4x+5 S S Name: Sienna Nono Date: 3-1-24 Period:...
-
How well are oncology firms leveraging digital technology to gain and sustain competitive advantage?
-
Axel and Brooklyn have agreed to buy a new vehicle. Brooklyn mentions that she is looking forward to getting a new SUV, so they have room for their dogs and kids. Axel mentions he thought they were...
-
Discuss how technology and human resources are needed to operate this facility in this behind the scenes look at this retailing giant. Support your opinion with research and/or key concepts covered...
-
4.2 At a given instant, a spacecraft is 500 km above the earth, with a right ascension of 300 and a declination of -20 relative to the geocentric equatorial frame. Its velocity is 10 km/s directly...
-
Use the following graph to solve this exercise. a. Determine the functions domain.b. Determine the functions range.c. What are the x-intercepts?d. What is the y-intercept?e. Determine f(-4). 543 y...
-
If the annual fixed costs are 54,000 dinars, the occupation expense represents 20%, the contribution margin is 25%, and the unit selling price is 40 dinars. Required: Calculate the closing point of...
-
You are in charge of a project at the local community center. The center needs to remodel one of the rooms in time for the start of a new program. Delays in the project mean that the center must rent...
-
You are in charge of a project at the local community center. The center needs to remodel one of the rooms in time for the start of a new program. Delays in the project mean that the center must rent...
-
The information in Table is available for a large fund raising project. a. Determine the critical path and the expected completion time of the project. b. Plot the total project cost, starting from...
-
An underlying asset price is at 100, its annual volatility is 25% and the risk free interest rate is 5%. A European call option has a strike of 85 and a maturity of 40 days. Its BlackScholes price is...
-
Prescott Football Manufacturing had the following operating results for 2 0 1 9 : sales = $ 3 0 , 8 2 4 ; cost of goods sold = $ 2 1 , 9 7 4 ; depreciation expense = $ 3 , 6 0 3 ; interest expense =...
-
On January 1, 2018, Brooks Corporation exchanged $1,259,000 fair-value consideration for all of the outstanding voting stock of Chandler, Inc. At the acquisition date, Chandler had a book value equal...
Study smarter with the SolutionInn App