Holding inventory in the supply chain involves numerous risks. Identify the risks and explain why companies in the various stages of supply chain find it necessary to hold inventory despite the risks attached to it?

Q: Disscus benefits and risks of aggreting inventory in the supply chain . Include in the disscution an…

A: Aggregate inventory control maintains several individual products under each category.

Q: Explain some of the ways that inventory can be reduced in the supply chain?

A: The task of managing products and services from raw materials to work-in-process to finished…

Q: In a multi-echelon supply chain, how can the Wilson approach be extended to optimize inventory…

A: A multi-echelon supply chain involves numerous linked phases, each managing designated aspects of…

Q: Explain how inventory management impacts the supply chain performance ?

A: Below is the solution:-

Q: Discuss the nature and role of inventory within the supply chain

A: Role of inventory within the supply chain are:

Q: As a student of Operations Management explain to the management of Mukwano Industries Limited (a…

A: The objective of this question is to explain the advantages of holding inventories in the context of…

Q: How might other companies (including services) use vendormanaged inventory in its supply chain…

A: A supply chain is a network between a business and its suppliers to manufacture and sell to the…

Q: What are the different steps in managing supply chain risk? Define each

A: Supply chain risk management refers to process wherein strategic steps are taken by producers in…

Q: State and explain the four types of inventory

A: Inventory management as the process of procuring, storing, and utilising the company's inventory,…

Q: What are the three phases in the inventory life cycle and why is it important to classify them…

A: Inventory life cycle refers to process involving planning for inventory for the input flow as well…

Q: Calculate the reorder point

A: Given Data  Demand per week = 800 units Annual demand  =800×52=41600 Ordering cost (S) = $72 Cost…

Q: Explain the main cost types used in inventory analysis and how they relate to one another.

A: Inventory management covers three main costs associated with inventory: purchasing, handling, and…

Q: What are the key objectives of inventory management within a supply chain?

A: Inventory management allows businesses to select which commodities to purchase, in what amount, and…

Q: Managing inventory is a critical function in logistics and supply chain management. What are some of…

A: Inventory management is critical in every organisation's supply chain management. Businesses that…

Q: Discuss Positioning inventory in supply chain giving relevant examples

A: There are a lot of problems in supply chain management. Supply chain management is the newest trend…

Q: Describe what is VED classification and FSND classification in inventory management?

A: VED Classification The VED classification system is based on an item's criticality during the…

Q: What are the two problems that inventory management addresses?

A: Assembled items, work-in-progress goods, raw materials, and goods available for sale are all…

Q: ABC INVENTORY CLASSIFICATION A company trades with a number of items and the management is…

A: A' items – items account for 85% of the annual consumption value of the items (asked 82% so taken up…

Q: Explain the total relevant costs of different inventory policies ?

A: Inventory policies incur costs in the form of item costs, storage costs, order costs, and shortfall…