Question and answer
- Define Square Law in safety inventory of supply chain management.
From an inventory perspective, the ideal situation would be a response-based supply chain. The practicality of implementing a fully response-based supply chain was discussed in terms of the total costs and timeliness of customer support. [ While a zero-inventory supply chain is typically not attainable, it is important to remember that each dollar invested in inventory is a trade-off to an
alternative use of assets. Inventory is a current asset that should provide return on the capital invested. The return on inventory investments is the marginal profit on sales that would not occur without inventory. Accounting experts have long recognized that measuring the true cost and benefits of inventory on the corporate profit-and-loss is difficult. Lack of measurement sophistication makes it difficult to evaluate the trade-offs between service levels, operating efficiencies, and inventory levels. While aggregate inventory levels throughout sectors of the economy have decreased, many enterprises still carry more inventory than needed to support actual business requirements. The forces driving this generalization are understood better through a review of the four prime functions of inventory. Table 7.1 summarizes Inventory Functionality. These four functions, geographical specialization, decoupling, balancing supply and demand, and buffering uncertainty, require inventory investment to achieve operating objectives. While logistics has made significant progress in reducing overall supply chain inventory, inventory properly deployed creates value and reduces total cost. Given a specific manufacturing/marketing strategy, inventories planned and committed to operations can only be reduced to a level consistent with performing the four inventory functions. All inventory exceeding the minimum level represents excess commitments. ]
Expert answered|jeffreymcmillan|Points 570|
Question
Asked 211 days ago|9/25/2013 7:24:02 AM
0 Answers/Comments
Ask a question
Not a good answer? Get an answer now. (FREE)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
. Push process in supply chain analysis is also called:
Weegy: Push process in supply chain analysis is also called SPECULATIVE process. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 216 days ago|9/20/2013 11:12:40 AM
0 Answers/Comments
Explain zone of strategic fit
Weegy: Strategic fit expresses the degree to which an organization is matching its resources and capabilities with the opportunities in the external environment. [ The matching takes place through strategy and it is therefore vital that the company have the actual resources and capabilities to execute and support the strategy. Strategic fit can be used actively to evaluate the current strategic situation of a company as well as opportunities ... (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 213 days ago|9/23/2013 11:10:08 AM
0 Answers/Comments
Research is an art of _________ investigation
Weegy: Research is an art of SCIENTIFIC investigation. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 212 days ago|9/24/2013 11:34:14 AM
0 Answers/Comments
Chi square is an important ______ test
Weegy: Chi square is an important statistical test. (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 212 days ago|9/24/2013 12:21:47 PM
0 Answers/Comments
What do you understand by “Stimulation Forecasting Method”?
Weegy: Forecast Simulation provides a means to create a forecast by extrapolating sales history (cph_hist) and applying one of several predefined statistical methods and one or more weighing factors. (More)
Question
Education|No Subcategories|Expert Answered
Asked 211 days ago|9/25/2013 7:19:27 AM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
What continent is turkey?
Weegy: Turkey is in the continent of both EUROPE and ASIA.
4/24/2014 11:58:46 AM| 7 Answers
What is the line of symmetry for the graph of y = -3x2 + 12x - ...
Weegy: The graph of x^2 - 12y = 12x - 12 is the graph of a quadratic. User: Which of the following points lies on ...
4/24/2014 3:49:35 PM| 5 Answers
10q - 20 is equivalent to _____. 2(q - 10) 10(q - 20) 10(q - 2)
Weegy: 10q - 20 is equivalent to 10(q - 2). User: Evaluate 5x3 + 2 for x = -1. -7 -3 4 6 Weegy: 5(-1)^3 + 2 ...
4/24/2014 5:19:43 PM| 4 Answers
(m3n + 8)(m3n - 5)
Weegy: simplified the expression is: (m3n)^2+3m3n-40 User: (2x - 3y)(4x - y) User: [4 - (3c - 1)][6 - ( 3c - 1)] ...
4/24/2014 11:19:58 AM| 3 Answers
verb
Weegy: The Verb. Recognize a verb when you see one. Verbs are a necessary component of all sentences. Weegy On! User: ...
4/24/2014 12:48:07 AM| 2 Answers
EXPLAIN THE PATTERN OF DEVELOPMENT IN THE FIRST THREE YEARS OF LIFE ...
Weegy: From birth most babies are born with certain reflexes, some of these are known as survival reflexes. The sucking ...
4/24/2014 2:49:58 AM| 2 Answers
Religious men who lived apart from society
4/24/2014 8:17:14 AM| 2 Answers
Which of the following expressions has 3 terms? 8x + y - ...
Weegy: xyz User: Evaluate a2 + b for a = and b = -. - - 0 Weegy: 3-3 = 0 User: Which of the following ...
4/24/2014 2:54:30 PM| 2 Answers
_________ and ___________ tend to be frequently misinterpreted in ...
Weegy: C. Body language; criticism tend to be frequently misinterpereted in computer-mediated communication User: ...
4/24/2014 4:17:54 PM| 2 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1982 [Total 7369]| Ratings 0| Comments 1982| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1941 [Total 9822]| Ratings 0| Comments 1941| Invitations 0|Offline
S
1
L
C
L
Points 979 [Total 5782]| Ratings 5| Comments 929| Invitations 0|Offline
S
1
L
1
L
P
Points 597 [Total 7274]| Ratings 2| Comments 577| Invitations 0|Offline
S
L
Points 485 [Total 2932]| Ratings 2| Comments 455| Invitations 1|Offline
S
L
1
1
1
Points 359 [Total 3625]| Ratings 8| Comments 279| Invitations 0|Offline
S
R
Points 267 [Total 379]| Ratings 6| Comments 187| Invitations 2|Offline
S
Points 231 [Total 231]| Ratings 6| Comments 151| Invitations 2|Online
S
Points 170 [Total 586]| Ratings 0| Comments 170| Invitations 0|Offline
S
1
Points 165 [Total 495]| Ratings 4| Comments 125| Invitations 0|Offline