Inventory
Types of Inventory Costs
There are mainly three types of Inventory costs : (i) Holding cost (ii) Shortage or stock-out cost (iii) Set-up cost … […]
operation research
Inventory
How to Develop an Inventory Model
The sequence of basic steps required for developing an inventory model may be organized as follows: Use ABC or VED classification which provides a basis for selective control of inventories through the formulation of suitable inventory… […]
Inventory
Objectives of Inventory Management
To ensure continuous supply of materials spares and finished goods so that production should not suffer at any time and the customers… […]
Inventory
Introduction of Inventory Management
The purpose of inventory management is to keep the stocks in such a way that neither there is over-stocking nor under-stocking… […]
Inventory
What is Inventory Decisions in Management
The decisions made for every item in the inventory are, How much amount of an item should be ordered when the inventory of that item is to… […]
Inventory
Classification of Inventory control
The term inventory may be classified into two main categories. 1- Direct Inventories, 2- Indirect Inventories, … […]
Inventory
Objectives of Inventory Control
To protect against inflation since the prices of materials are constantly increasing. Thus it is important to invest in the inventories… […]
Inventory
Introduction and Definition of Inventory
In a broad sense, inventory may be defined as the stock of goods, commodities or other economic resources that are stored or reserved… […]
Mathpedia
Example of Network Diagram
Activity G has E and F as predecessor activities. This is possible only if nodes 6 and 6′ are one and the same. So, rename node 6′ as node 6. […]
Mathpedia
Disadvantages or Limitations of PERT
Because PERT is a time-focused method, completing projects or activities on time is very important. If this does not occur, a problem may arise. […]