an inventory-control technique that minimizes the total of ordering and holding costs
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EOQ Model
-One of the most expensive assets of many companies representing as much as 50%
of total invested capital
-Less inventory lowers costs but increases demand
-more inventory raises costs but always keeps customers happy
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Importance of Inventory
, Activities or factors that are key to achieving competitive advantage
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KSF
strengths, weaknesses, opportunities, threats
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SWOT analysis
Inventory shrinkage caused by employees stealing food
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pilferage
1. Improve the supply chain
2. Reduce costs (labor, taxes, tariffs, etc.)
3. Improve operations
4. Understand markets
5. Improve products
6. Attract and retain global talent
Give this one a try later!
Give this one a try later!
EOQ Model
-One of the most expensive assets of many companies representing as much as 50%
of total invested capital
-Less inventory lowers costs but increases demand
-more inventory raises costs but always keeps customers happy
Give this one a try later!
Importance of Inventory
, Activities or factors that are key to achieving competitive advantage
Give this one a try later!
KSF
strengths, weaknesses, opportunities, threats
Give this one a try later!
SWOT analysis
Inventory shrinkage caused by employees stealing food
Give this one a try later!
pilferage
1. Improve the supply chain
2. Reduce costs (labor, taxes, tariffs, etc.)
3. Improve operations
4. Understand markets
5. Improve products
6. Attract and retain global talent
Give this one a try later!
