MAC3701 CTM Study Notes Tutoring 2020 Application of Management techniques (MAC3701)

MAC3701 CTM Study Notes Tutoring 2020 Application of Management techniques (University of South Africa) STUDY UNIT 1 PLANNING AND CONTROLLING INVENTORY Cost of holding inventory is expensive – capital is needed to create suitable infrastructure (factory, staff, computers, stationery etc) and cash flow also needed for operational activities of entity. Investment in inventory and inventory infrastructure is committed fixed costs which are managed over medium to long- term. Because of high cos...