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- Inventory is not a property that is acquired for the purpose of resale in a business activity. Question 4 options: True FalseSubject: Logistic management Q): What are the concern of inventory control & overall objective of inventory management? Q): What are the system of inventory counting?Question 1A just-in-time inventory system (JIT), is an inventory strategy where raw materialsand supplies are ordered and received as they are needed.(a) Explain the benefits of using JIT system to Malaysian SMEs (smallmedium enterprises) clothing market. Answer should be with proper elaborations and examples. This is not a writting assignment. Thank you
- Question No 2: Parker Hi-Fi Systems, located in Wellesley, Massachusetts, a Boston suburb, assembles and sells the very finest home theater systems. The systems are assembled with components from the best manufacturers worldwide. Although most of the components are procured from wholesalers on the East Coast, some critical items, such as LCD screens, come directly from their manufacturer. For instance, the LCD screens are shipped via air from Foxy, Ltd., in Taiwan, to Boston’s Logan airport, and the top-of-the-line speakers are purchased from the world-renowned U.S. manufacturer Boss. Parker’s purchasing agent, Raktim Pal, submits an order release for LCD screens once every 4 weeks. The company’s annual requirements total 500 units (2 per working day), and Parker’s per unit cost is $1,500. (Because of Parker’s relatively low volume and the quality focus—rather than volume focus— of many of Parker’s suppliers, Parker is seldom able to obtain quantity discounts.) Because Foxy promises…Define INVENTORY CONTROL?Discussion Questions 1. The customer order decoupling point was described as the point at which the demand changed from independent to dependent. Describe what this means and why it is important to managers. 2. Provide examples of make-to-stock, assemble-to-order, and make-to-order products. What advantages are there in moving from make-to-stock to assemble- or make-to- order?
- Q3. What is inventory management? Explain in brief 4 functions of inventory management.Question 23 Company A carries 5,000 items. Customers ordered 1,000 items from inventory last week. Company A was able to fulfill 600 items of the order. What is the stock out probability for last week? Group of answer choices 0.08 0.4 0.6 0.92Subject: Logistic management Q): calculate inventory turn over ratio, Where sales is 2,000,000COGS is 65% of sales And average inventory is 125,435 What will be inventory ratio in days and weeks
- Question 29 Which one of the following methods will be most suitable for managing dependent demand? Q-model ABC Analysis P-model The single-period model Material Requirements PlanningExplain inventory position (IP)?Question 29 Store A purchases cases of fertilizer for its lawn-care business from a supplier who charges Store A $30 per order and $50 per case. Each case consists of five bags of fertilizer. Store A needs 2,000 bags of fertilizer a year. How many orders does Store A place per year if the order quantity is 20 cases? Group of answer choices 80 40 20 10