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Essay

Air Force Inventory Procedures

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Issue:

Business

 

Written by:

Nancy C

 

Date added:

January 26, 2015

 

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Grade:

A

 

No of pages / words:

2 / 283

 

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9742 times

 

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Essay content:

When an asset is ordered, the supply system uses an inventory pull method for resupply. A "pull system" sends requisitions to a supplier source, thereby "pulling" inventory from the source. When the inventory position is less than or equal to the reorder point and nothing prohibits the automatic requisitioning (i...
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When the inventory position is less than or equal to the reorder point and nothing prohibits the automatic requisitioning (i.e. funds constraints), then requisitions of the appropriate order size will be automatically submitted to the source of supply. For all consumable items, the retail supply system computes the potential benefits (cost savings) that could be achieved from reduced stock levels resulting from priority shipment (shorter order and shipping times) of stock replenishment orders...
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