The predicted forecasts come from past sales reports and inventory. Depending solely on forecast sometimes gives organizations too much leftover inventory. If a supply chain is market sensitive it produces as the market determines what the need is. (Christopher)
Being virtual, another characteristic of an agile supply chain, allows organizations to link together with information that gives real-time needs of the consumer and allows the organization to produce what is necessary... displayed 300 characters
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Being virtual, another characteristic of an agile supply chain, allows organizations to link together with information that gives real-time needs of the consumer and allows the organization to produce what is necessary. Being virtual allows suppliers to see exactly how much inventory a company has in stock compared to their sales... displayed next 300 characters
Ending inventory is self counting so as long as the physical count is made properly in the second year. By properly excluding the goods held on consignment at the end of 2003, the error was collected and no further action was necessary in 2004...
With the financial data which has been provided by the inexperienced staff assistant the most obvious analytical procedure to start with is to compare the 2005 financial date with the 2004 financial data...
If there is, those inventories should not be recorded in the company’s inventory ledger. Finally, for presentation and disclosure, the auditors should review the company’s financial statement and ensure that their disclosure is consistent with their current processes...
Of course, moving the date of submission closer to the next season increases the cost for production. At first thought, this may seem against the idea of trying to maximize profits, but if you look deeper, you'll see that the added cost will result in better matched sales to the forecast and less leftover inventory at the end of the season...
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