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How much average inventory should be carried if management wants the inventoryto be 4?
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What is fluctuation inventory?
Inventory that is carried as a cushion to protect against forecast error.
What is night audit?
Night Audit is a common activity which is carried out by authorized persons such as Admin or Auditor. That is you must be privileged to audit. The auditor at the end of the day can do the audit on hotel transaction activities carried out on that day and get back to the management if found something improper.
Are accounting department management or support?
Guess the question is likely to mean this:"Is accounting department to be considered as the management or supporting?"If you've tried putting on this question, I'd like to point here a few certainities:Management:To wrap up the financial statements and actions of any of the businesses, we still want the accouting firms to set their hands in. Management passes on their accounting details to the professionals and get those done to ensure the margin of cash-flow.Support:Also, accoutning department remains to be the greater support in filling out the needed info on/before the tax season and helps the businesses to know the status of their management. Professionals supports the management, of course.It solely depends on the actions that are performed by the professionals. And, my point of view will be to move with the both management and support. For more about accounting/bookkeeping, you can also look into igsbookkeeping.com. This gives you a clear picture of how accounting process is carried over.
Is Direct Material a variable cost?
Yes. Direct materials is a true or proportionately variable cost because the amount used during a period will vary in direct proportion to the level of production activity. Moreover, any amounts purchased but not used can be stored and carried forward to the next period as inventory. Source: Introduction to Managerial Accounting, Brewer/Garrison/Noreen, 5th edition
What is attriction?
when material is carried by the waves and hit the rocks :D
What is fluctuation inventory?
Inventory that is carried as a cushion to protect against forecast error.
Will you lose your items in the bank if you die in a bounty world?
no, you only lose your carried equipment and everything in you inventory.
Where can you find the best inventory management system?
Stock control can be carried out manually on a FIFO type basis or on a software program which picks up transactions from bar code entry. An Inventory management system can be built to also help fulfil purchase orders with stock being checked and orders passed to a picking department. The best system for you will depend on the size of operation you have and the number of products you keep in stock and how you process this. Inventory software can be written for you or you can buy an off the shelf package such as AmberPOS, OrderHarmony or Comcash, It would be sensible to get product details from several suppliers or to speak to a software consultant.
What common threads do you see between risk management and quality management?
if risk management is not done correctly, it puts pressure on quality management. So too if quality management is not carried out correctly, new unforseen risks occur putting strain on risk management
What are the phases of supply chain management?
Supply chain management is a complicated series of operations carried out to procure goods in order to deliver them to the end customer. Everything in between that comes under supply chain operations. In order for these processes to run smoothly, efficient management of the supply chain is required. Businesses take the help of supply chain management experts like AWL India, who provide excellent services backed with reliable technology and a team of logistics experts. Here are the phases of supply chain management, from beginning to end - Planning - Planning is the first step in supply chain management. From planning about procurement, to how the logistics will happen, how the inventory will be stored, and everything in between, it has to be carried out by a worthy team of decisive individuals. Sourcing - Sourcing goods from suppliers, manufacturers, in order to process or pack them and get them ready for delivery is the next step in supply chain management. Execution - Execution of the logistics aspect is the next step in supply chain management. The proper orders are assigned to the appropriate vehicles and then the next operations are carried out. Delivery - Delivering the right orders to the right person is the next step. Processing Returns - Processing returns, if any, is the final step in supply chain management. These processes are not all exclusive and supply chain management can look different for different businesses."
What is the meaning of the word 'inventory'?
Storage. Or it could mean your "Stuff""Objects" Those 3 are supposed to be the meanings
Which inventories carried by a manufacturer is similar to the merchandise inventory of a retailer?
Finished Goods. Retailers do not normally keep on hand supplies, work in progress or raw materials.
Why do you need project management?
So that, organization's or company's programs are realized and carried-out in accordance to it's goal and objectives.
Does the Vatican City have a parliament?
No, the management of the city is carried out by a committee headed by a president and vice president who are appointed by the pope.
What is the third interrelated component of internal control?
Control activities that are policies and procedures to ensure that management objectives are carried out.
What was Dave Bing's management style?
credited basketball for teaching him the discipline and competitiveness that helped him succeed in business. Teamwork was another aspect of Bing's management style that carried over from athletics.
How does your solution handle real-time tracking and management of inventory?
Barcode and RFID Technology: Each inventory item is assigned a unique identifier using barcode or RFID technology. This allows for quick and precise tracking of items throughout the entire supply chain and within the warehouse. Integration with Sensors and IoT Devices: Our solution integrates with sensors and Internet of Things (IoT) devices placed strategically in the warehouse. These devices continuously monitor the movement and status of inventory items, providing real-time data. Wireless Connectivity: The system leverages wireless connectivity, allowing for instant communication between the inventory management software and handheld devices carried by warehouse personnel. This enables real-time updates on inventory transactions and movements. Automated Data Capture: Inventory transactions, such as receiving, picking, and shipping, are captured automatically as they occur. This minimizes delays and ensures that the system reflects the most current state of the inventory. Cloud-Based Platform: Our solution operates on a cloud-based platform, enabling seamless and instant access to inventory data from anywhere with an internet connection. This real-time accessibility is crucial for businesses with multiple locations or those that require remote monitoring. Alerts and Notifications: The system is equipped with configurable alerts and notifications. This means that any discrepancies, stockouts, or critical events trigger immediate alerts to designated personnel, allowing for swift corrective actions. Real-Time Analytics Dashboard: The inventory management dashboard provides real-time analytics and key performance indicators (KPIs). Users can monitor stock levels, turnover rates, and other critical metrics to make informed decisions on inventory replenishment and allocation. Integration with ERP and WMS: Our solution seamlessly integrates with Enterprise Resource Planning (ERP) and Warehouse Management Systems (WMS). This ensures that real-time inventory data is synchronized across the entire business ecosystem, avoiding discrepancies and maintaining accuracy. Mobile Accessibility: Warehouse staff can use mobile devices with our solution's dedicated app to perform real-time transactions, conduct stock checks, and update inventory status on the go. This enhances the agility and responsiveness of the inventory management process. Historical Data and Reporting: In addition to real-time tracking, our solution maintains a comprehensive historical database. This enables users to analyze trends over time, identify patterns, and make data-driven decisions for future inventory management strategies.follow Sundata.in for more information
