Ch 24 Inventory management

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Topical 24: Discuss the view that’ JUST IN TIME ‘ is the most effective way of managing the inventory of business

Last post by Abiha_hamid « Wed Mar 26, 2025 6:08 am
Replies: 1
by Sir Aqeel » Wed Mar 13, 2024 9:54 am

1 Replies

3627 Views

Last post by Abiha_hamid
Wed Mar 26, 2025 6:08 am
Topical 23: Explain how JIT could be a used to manage stock in a retailing business.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:54 am

by Sir Aqeel » Wed Mar 13, 2024 9:54 am

0 Replies

1737 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:54 am
Topical 22: Discuss the importance of effective stock management to a business.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:54 am

by Sir Aqeel » Wed Mar 13, 2024 9:54 am

0 Replies

1733 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:54 am
Topical 21: Discuss the advantages and disadvantages for a manufacturing business of using the just in time method.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:53 am

by Sir Aqeel » Wed Mar 13, 2024 9:53 am

0 Replies

1688 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:53 am
Topical 20: Analyses why effective inventory control is important to a manufacturing business.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:53 am

by Sir Aqeel » Wed Mar 13, 2024 9:53 am

0 Replies

1754 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:53 am
Topical 19: Discuss the factors which could influence the successful operation of just in time inventory management.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:52 am

by Sir Aqeel » Wed Mar 13, 2024 9:52 am

0 Replies

1737 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:52 am
Topical 18: Explain the importance of inventory management to a retail business.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:52 am

by Sir Aqeel » Wed Mar 13, 2024 9:52 am

0 Replies

1739 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:52 am
Topical 17: Discuss the advantages and disadvantages of using a JIT approach to stock control for a large retail.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:51 am

by Sir Aqeel » Wed Mar 13, 2024 9:51 am

0 Replies

1731 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:51 am
Topical 16: Explain why effective stock control is important for a r large retail business.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:51 am

by Sir Aqeel » Wed Mar 13, 2024 9:51 am

0 Replies

1653 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:51 am
Topical 15: Analyse one advantage and one disadvantages for a retail business of using just in time(JIT) to manage.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:50 am

by Sir Aqeel » Wed Mar 13, 2024 9:50 am

0 Replies

1706 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:50 am
Topical 14: Analyse one advantage and one disadvantage to PC of purchasing the computerizes inventory management system.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:49 am

by Sir Aqeel » Wed Mar 13, 2024 9:49 am

0 Replies

1727 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:49 am
Topical 13: Explain factors that could affect the level of inventory held by a business.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:48 am

by Sir Aqeel » Wed Mar 13, 2024 9:48 am

0 Replies

1745 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:48 am
Topical 12: Explain the cost and benefits to a business of a decision to hold low levels of inventory.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:48 am

by Sir Aqeel » Wed Mar 13, 2024 9:48 am

0 Replies

1668 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:48 am
Topical 11: Briefly explain two benefits for a manufacturing business of using just in Time (JIT).

Last post by Sir Aqeel « Wed Mar 13, 2024 9:47 am

by Sir Aqeel » Wed Mar 13, 2024 9:47 am

0 Replies

1678 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:47 am
Topical 10: Define the term ‘Just in Time’ (JIT).

Last post by Sir Aqeel « Wed Mar 13, 2024 9:47 am

by Sir Aqeel » Wed Mar 13, 2024 9:47 am

0 Replies

1732 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:47 am
Topical 09: Briefly explain two advantages to a business of effective inventory management.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:46 am

by Sir Aqeel » Wed Mar 13, 2024 9:46 am

0 Replies

1767 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:46 am
Topical 08: Define the term ‘lead time’.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:46 am

by Sir Aqeel » Wed Mar 13, 2024 9:46 am

0 Replies

1693 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:46 am
Topical 07: Briefly explain two likely consequences for a business of poor inventory management.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:45 am

by Sir Aqeel » Wed Mar 13, 2024 9:45 am

0 Replies

1721 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:45 am
Topical 06: Briefly explain two causes of diseconomies of scale.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:45 am

by Sir Aqeel » Wed Mar 13, 2024 9:45 am

0 Replies

1681 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:45 am
Topical 05: Define the term ‘economies of scale’.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:45 am

by Sir Aqeel » Wed Mar 13, 2024 9:45 am

0 Replies

1732 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:45 am
Topical 04: Briefly explain two reasons why a business might decide to hold a high level of inventory.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:44 am

by Sir Aqeel » Wed Mar 13, 2024 9:44 am

0 Replies

1654 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:44 am
Topical 03: Define ‘inventory management’.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:44 am

by Sir Aqeel » Wed Mar 13, 2024 9:44 am

0 Replies

1654 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:44 am
Topical 02: Briefly explain two reasons why inventories of finished goods need to be carefully managed.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:43 am

by Sir Aqeel » Wed Mar 13, 2024 9:43 am

0 Replies

1670 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:43 am
Topical 01: Define the term ‘buffer inventory’.

Last post by Sir Aqeel « Wed Mar 13, 2024 9:43 am

by Sir Aqeel » Wed Mar 13, 2024 9:43 am

0 Replies

1612 Views

Last post by Sir Aqeel
Wed Mar 13, 2024 9:43 am

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