QUESTION THREE Inventory is one of the dominant costs in many industries and supply chains. In 1984 General Motors of the USA distribution network consisted of 20,000 supplier plants, 133 parts plants, 31 assembly plants and 11000 car dealers. The total worth of the company consisted of 70% attributable to Inventory level. Requirements: Outline Inventory Drivers (Why Holding) Inventories, in a company like GM? ABC Inventory Management System is one of the Inventory Control System available in industry. Explain the ABC inventory Management System and how it can be used to manage or control Inventory in Industry Safety Inventory, is one way of managing Uncertainty in the supply Chain What do you understand by the term Safety Inventory / Safety Stock [ With aid of an example, explain how safety Inventory or stock is used in managing Uncertainty in the supply chain
QUESTION THREE
Inventory is one of the dominant costs in many industries and supply chains. In 1984 General Motors of the USA distribution network consisted of 20,000 supplier plants, 133 parts plants, 31 assembly plants and 11000 car dealers. The total worth of the company consisted of 70% attributable to Inventory level.
Requirements:
Outline Inventory Drivers (Why Holding) Inventories, in a company like GM?
ABC Inventory Management System is one of the Inventory
Safety Inventory, is one way of managing Uncertainty in the supply Chain
What do you understand by the term Safety Inventory / Safety Stock [
With aid of an example, explain how safety Inventory or stock is used in managing Uncertainty in the supply chain
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