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What does your reading material mention as a common advantage to using lastin first-out inventory evaluation?
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Material-Costing quantitative tools of Inventory management?
answer me the following question Material-Costing Quantitative tools of Inventory Management?
Manufacturing business three different inventory accounts?
1 - Raw material Inventory 2 - Work in process inventory 3 - Finished Goods inventory
If you have 16 SLocs in your unit and the cyclic inventory has a material which you have issued to 8 different SHRs that particular material will appear on a minimum of inventory count shee?
s
When calculating prime cost do you use beginning inventory or ending inventory of direct materials?
Total material consumed amount is used for prime cost not opening inventory or ending inventory only.
Needs of inventory management?
Inventory Management helps in the followoing:Right product/material in right quantity at right timeMeeting the material/product requirement efficiently.Maintaining optimum inventory levelReducing cost of stock in hold by maintaining optimum level of inventory.Overall reduction in unit cost
Material-Costing quantitative tools of Inventory management?
answer me the following question Material-Costing Quantitative tools of Inventory Management?
Manufacturing business three different inventory accounts?
1 - Raw material Inventory 2 - Work in process inventory 3 - Finished Goods inventory
If you have 16 SLocs in your unit and the cyclic inventory has a material which you have issued to 8 different SHRs that particular material will appear on a minimum of inventory count shee?
s
What is evaluation of good written material?
This question is wrong
When did logistic start?
It starts from material and inventory management
When calculating prime cost do you use beginning inventory or ending inventory of direct materials?
Total material consumed amount is used for prime cost not opening inventory or ending inventory only.
How do you reconcile material distribution report and inventory value report oracle?
The break down of the material distribution report is not coming back to the change in the inventory value report. What are the possible causes of this?
Advantage and disadvantage of material management?
One advantage of material management is the ability to control pollution. A disadvantage to material management is the fact that it can be a complex area of business.
Needs of inventory management?
Inventory Management helps in the followoing:Right product/material in right quantity at right timeMeeting the material/product requirement efficiently.Maintaining optimum inventory levelReducing cost of stock in hold by maintaining optimum level of inventory.Overall reduction in unit cost
What are the differences between raw material inventory and finish product inventory?
These are some differences in the general cases.FINISHED PRODUCT INVENTORYRAW MATERIAL INVENTORYUsually there is no lead timeUsually there is a lead timeQuantities reach the inventory individually or by groupsQuantities reach the inventory all togetherThe holding cost is greater than the holding cost for the raw material inventoryThe holding cost is less than the holding cost for the finish product inventoryproduction starts if the inventory is emptyproduction stops if the inventory is emptyUsually is smaller in size than the raw material inventoryUsually is bigger in size than the finish product inventoryQuantity size depends on the demandQuantity size depends on the productionproduction stops if the inventory is fullproduction starts if the inventory is fullExcess quantity in the inventory means marketing methods need to be improvedExcess quantity in the inventory means manufacturing methods need to be improvedproduction quality can be measured in these inventoryproduction quality can not be measured in these inventory
What is the method to calculate inventory turns of a raw material?
Gaurav CHadha
What is the Difference between Material management and inventory management?
Inventory management is a science primarily about specifying the shape and percentage of stocked goods.
