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Which basic production planning strategy will build inventory and avoid the costs of excess capacity?
Wiki User
∙ 10y ago
Which basic production strategy will build inventory and avoid the costs of excess capacity
Wiki User
∙ 10y ago
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What are the functions of wealth management?
Wealth management equals to Wealth Review and Investment Strategy, Financial Planning, Goal Driven Investing, Risk Management & insurance Planning, Property Purchase & Financing Wealth Planning etc.
What kind of businesses use FIFO?
If inventory goods are perishable, then FIFO is the best method because older goods need to be sold before newer goods. Some companies use LIFO because this strategy means less taxable income (assuming that prices are increasing). Regardless, whatever strategy a business uses for statements it must also use that strategy for income tax preparation.
Difference between global and transnational strategy?
the difference between global and international strategy
Should our strategy follow the organizational structure or organizational structure follow the strategy?
the latter! Organisation is developed to implement stategy
What are the uses of cost volume profit analysis?
1 - Goal setting 2 - Marketing strategy 3 - Operational effeciancy 4 - Pricing strategy
What has the author George W Plossl written?
George W. Plossl has written: 'Getting the most from forecasts' 'The master production schedule' 'The role of top management in the control of inventory' -- subject(s): Industrial management, Inventory control 'The best investment-control, not machinery' 'Effective corporate strategy in manufacturing' -- subject(s): Production management 'Material requirements planning and inventory record accuracy' 'Material requirements planning by computer' -- subject(s): Data processing, Inventory control, Material requirements planning, Production control
Why is an undifferentiated marketing strategy good?
The benefit of an undifferentiated strategy is that it is cost-effective because a narrow product focus results in lower production, inventory, and transportation costs
What is capacity and inventory trade off?
To meet customer demand there are two extreme strategies:1. Have high enough capacity to meet peak customer demands (high equipment costs and high base labor costs) and produce goods as the orders come in (zero inventory costs). A shop selling ice cream cones would favor this strategy since orders are small and fast to make and inventory would be costly to keep.2. Have only enough capacity to meet average customer demand levels (lower capacity costs) and keep enough inventory to meet peak demand needs (maximum inventory costs). A brick factory might follow this strategy because orders are occasional but large and production time is long.In any specific instance, capacity and inventory level strategies may fall somewhere between these two extremes.
What is J.I.T inventory?
J.I.T inventory stands for Just-In-Time inventory management, a strategy where products are delivered to a company right when they are needed for production or sale. This approach minimizes inventory carrying costs and reduces waste by having inventory arrive "just in time" to meet demand.
What is production strategy?
What is production strategy?
What is involved in a quick response strategy?
This strategy integrates numerous dimensions of the production cycle with an eye toward shortening a cycle's duration, implementing productivity improvements, and shrinking inventory levels.
What is the terms strategy and tactic in production?
Tactical plans are usually developed in the areas of production, marketing, ... Because strategic planning focuses on the long term and tactical.
What is the advantage of Lead Strategy in regards to Capacity?
Capacity Planning is a proactive approach to determining how much capacity a company should maintain in lieu of anticipated market demand. Lead Strategy is the concept of increasing capacity in anticipation of an increase in demand. The advantage of lead strategy is an offensive advantage. It places the organization in the correct position to capture market share by fueling increased purchases. Often times aggressive corporate governance is well supported by a lead strategy with production and capacity. The downside to this particular strategy is the fallout of a failed market grab. Any marketing push, price drop to fuel market growth, or new product release can fail. In the event of a lead strategy there is a larger risk involved on the part of the manufacturer should the demand not meet the supply.
Difference between strategy and planning?
In business, strategy is abstract while planning is more concrete. A strategy describes a global path to achieve a goal. Planning on the other hand, is the allocation of resources necessary to accomplish the strategy.
What is the relationship between planning and strategy?
planning strateging
What are the differences between planning strategy and business policy?
that strategy is long term and planning could be a short term.
Evaluate the current business strategy of 99 Cents Only Stores in response to its competitive environment. What is the role of information technology infrastructure in that strategy?
99 cents store only the use of information technology. Assist with inventory. Planning to expand. And the displacement distribution. Effective and rapid growth.
