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Essay

operation management

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Issue:

Miscellaneous

 

Written by:

Pamela B

 

Date added:

September 26, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1898

 

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1700 times

 

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Essay content:

Inventory management includes all activities of forecasting and replenishment. Since inventory is an important element in operation, activities controlling the level of inventory generally would affect significantly to a company. Thus, Inventory are held in order to manage and hide from the customer the fact that manufacture/supply delay is longer than delivery delay, and also to ease the effect of imperfections in the manufacturing process that lower production efficiencies if production capacity stands idle for lack of materials...
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(www.wikipedia.com/inventorymanagement) The various activities listed are used to control inventory and planned for replenishment. They are process pooling, Kanban, classical Economic order quantity, part-delivery part production order quantity model, backorder model and quantity discount model. On top of the various replenishment policies, the counting systems for inventory are periodic system, perpetual system and the 2 bin storage system...
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General issues of this essay:
LL Bean Inc Item Forecasting and Inventory Management Case OPERATION MANAGEMENT Operation Management (MBA-502) Operation Management Operation Management Operation Management Operation management Operation management operation management, pricing strategies, SKU System, Inventory management operation management operation management Super Management: A Combination of Management Techniques Used Around the World which concept or combination of concepts will you follow to increase the sales of your product that is a lower priced shaving blade for lower-middle class males of Bangladesh living in urban & village areas? Explain your choice of strategy with va... operation management Erp In Operation Management
 

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