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What is the difference between Replenishment Inventory and Requirements Inventory?
I am giving an answe on the basis of my Retail Experience..... In Retail supply Chain we are using a Vendor to DC and then DC to Stores......If we are replinishing our store from Distribution Center then it will be Relpenishment Inventory and Once we are purchasing from supplier to fulfill our requirment of DC that will called Requirement Planning.......
What else can I help you with?
What is difference between fixed asset and inventory?
What is the difference between fixed asset and inventory
What is the difference between stock and inventory?
The difference between stock and inventory is that stock is what you have if you're selling items. Inventory includes what you have as your belongings.
What is the difference between pricing inventory and valuation inventory?
in fact there is no diff.
What is a difference between periodic inventory and perpetual inventory?
periodic takes place on an irregular schedule where perpetual is a constant state of inventory
What is the difference between inventory and warehouse?
* Inventory: A concept of having something stored. * Warehouse: A building to store goods in.
What is the difference between inventory control and inventory planning?
Their is no Difference
What is difference between fixed asset and inventory?
What is the difference between fixed asset and inventory
What are the difference between a replenishment philosophy and a requirements philosophy?
There are some differences between a replenishment philosophy and a requirements philosophy: - The requirement philosophy is used in MRP systems whilst the replenishment philosophy is used in order-point systems. - The replenishment philosophy is oriented toward the customer and it more focuses outward objectives where as the requirement philosophy is oriented toward manufacturer and it more focuses inward objectives. - In the replenishment philosophy, material should be replenished when it runs low versus in the requirement philosophy, material is ordered only when a need exists as directed by the master schedule. If there are no manufacturing requirements for a particular part, it will not be replenished, even though the inventory level is low. - In the replenishment philosophy, ABC principle is applied as a control principle and EOQ formula can help providing relative accurate stock level. In the requirement philosophy, ABC principle and the time-honored EOQ do not work well if this order philosophy is applied. - In the requirement philosophy, as MRP is future-oriented so ordering philosophy base on requirement generated from master schedule. In the replenishment philosophy, the forecast of replenishment the stock level base on the past history of demand. - In the replenishment philosophy, if demand is lumpy, materials will be carried on hand during long period of zero demand resulting in unnecessary inventory-carrying cost. But in the requirement philosophy, the requirement of particular part is very important in manufacturing because demand for component parts is lumpy.
What is the difference between stock and inventory?
The difference between stock and inventory is that stock is what you have if you're selling items. Inventory includes what you have as your belongings.
Explain inventory Management policies?
what is definition of inventory? what is the difference between inventory and asset?
What is the difference between pricing inventory and valuation inventory?
in fact there is no diff.
What is the difference between Days to sell inventory and Average age of inventory?
There is no different between the two measurement.
How should replenishment of inventory be managed at the various stocking locations?
Replenishment of inventory at various stocking locations should be managed through a consistent and data-driven approach that considers demand forecasting, lead times, and inventory turnover rates. Implementing automated inventory management systems can help optimize reorder points and quantities, ensuring that stock levels are maintained efficiently. Regularly analyzing sales patterns and adjusting replenishment strategies accordingly will help prevent stockouts and overstock situations. Additionally, clear communication between locations and centralized inventory management can enhance coordination and responsiveness to changes in demand.
What is a difference between periodic inventory and perpetual inventory?
periodic takes place on an irregular schedule where perpetual is a constant state of inventory
What is the difference between Inventory and PPE?
PPE is part of unventory
What is inventory variance?
An inventory variance report shows the difference between previous recorded inventory quantity and correct inventory quantity which is discovered immediately after a physical count. It also reports on the value difference the quantity variances caused.
What is the difference between inventory and warehouse?
* Inventory: A concept of having something stored. * Warehouse: A building to store goods in.
