18. Explain the basics of selective inventory control and state different selection techniques adopted in Inventory Control
Question:
18. Explain the basics of selective inventory control and state different selection techniques adopted in Inventory Control System. Give a brief note on each. (JCWA, December, 1983)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Joel mwangi
Greetings! I am a highly qualified and dedicated tutor with a passion for instilling a love for the sciences in my students. Holding a Master's degree in Chemistry, I bring over a decade of enriching experience in teaching both Biology and Chemistry at higher levels. My academic background has equipped me with a deep understanding of the subject matter, allowing me to foster a dynamic and engaging learning environment.
My expertise extends beyond traditional classrooms, as I have successfully navigated the realm of online tutoring for over 5 years. This experience has honed my ability to adapt to diverse learning styles and create personalized approaches that cater to individual needs. I find immense joy in breaking down complex scientific concepts into digestible, easy-to-understand components, ensuring that my students not only grasp the material but also develop a profound appreciation for the subject matter.
Beyond the confines of the laboratory, my interests span across both physical and social sciences. This broad perspective allows me to connect seemingly disparate ideas, offering a holistic understanding of the interconnectedness of various scientific disciplines. I am not only a teacher but also a lifelong learner, continuously seeking new ways to enhance my own knowledge and share these insights with my students.
One of my standout skills lies in my mastery of various writing formats. This proficiency enables me to guide students not only in understanding scientific principles but also in expressing their ideas eloquently in both oral and written forms. I firmly believe that effective communication is paramount in the learning process, and I strive to empower my students with the skills necessary to articulate their thoughts with clarity and precision.
My commitment to excellence is reflected not only in my academic qualifications and teaching experience but also in my high proficiency in the English language. Clear communication is the cornerstone of effective teaching, and I ensure that my students are equipped with the language skills needed to excel in their academic pursuits.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Assume that you are looking at three perpetuities. Perpetuity 1 (P) has annual cash flows of $850 in Years 1 through infinity (1 - oo) and a present value at Year 0 of $10,119.047619. Perpetuity 2...
-
Describe the revenue recognition, matching, and historical cost principles as they are applied in the construction of a firm's financial statements.
-
When hiring employees not working in REIs stores, like human resource managers, computer programmers, warehouse workers, and the like, should a preference be given to more outdoor-oriented candidates?
-
2. Compare the strengths and weaknesses of laboratory studies of eyewitness identification with those of archival studies.
-
According to a 2009 survey based on the United States Census (www.census.gov/prod/(www.census.gov/prod/2011pubs/acs-15.pdf), (www.census.gov/prod/2011pubs/acs-15.pdf), the daily one- way commute time...
-
Becker Financial recently declared a 2-for-1 stock split. Prior to the split, the stock sold for $100 per share. If the firm's total market value is unchanged by the split, what will the stock price...
-
19. (a) "ABC analysis is a very useful approach for selective inventory control but has some major limitations." Do you agree with this statement? Explain how these limitations, if anY, can be...
-
17. Discuss the marginal analysis to the determination of the optimal ordering size. In what conditions is it employed?
-
Accrual product warranty Precision Audio Company warrants its products for one year. The estimated product warranty is 3 per cent of sales. Assume that sales were $600 000 for January. In February, a...
-
The initial investment in the project is estimated to be $80,000 in year 0, $13,500 in year 1, $16550 in year 2, $12250 in year 3 of the project. The Whalers rest Moton in requires a discount rate of...
-
The notion of visual management and visual control is utilised as part of the lean management system to handle work in a methodical fashion, including decreasing the tracking time for accessing email...
-
When a company evolves beyond its need for an international division, it may be considered a global enterprise. At this stage in its development, it may have any of several organizational structures....
-
South Africa has experienced energy crisis in the past few years. This has led to the many rounds of excessive loadshedding and the Central University of Technology is concerned about the effects of...
-
While the media focused on the downward spiral of the physical retail sector, it seems Amazon was busy ramping up its roll-out of physical stores, a development that many observers have perceived as...
-
Explain the passage of title to fungible goods.
-
MgO prevents premature evaporation of Al in a furnace by maintaining the aluminum as Al2O3. Another type of matrix modifier prevents loss of signal from the atom X that readily forms the molecular...
-
Do I have the materials and equipment that I need to do my work right? LO.1
-
At work, do I have the opportunity to do what I do best every day? LO.1
-
In the past seven days, have I received recognition or praise for doing good work? LO.1
-
1-Please construct a profit and loss statement for " Comfortable Shoes Store" for the year 2020 with the following info: Sales of shoes Sales of shoe-polish $120,000 8,500 Income from shoe repair...
-
Twixt Corp. issued $5,020,000 of convertible bonds on 1 January for $4,810,000 cash. The bond had the following terms: Bonds mature in five years' time. Annual interest, 6%, is paid each 31 December...
-
5 (5 points) You are analyzing a stock that has the following returns given the various states of economy. State of ProbabilityReturn Economy Recession 0.12 -7.80 Normal 0.68 6.00 Boom 0.2 15.40 What...
Study smarter with the SolutionInn App