Which of the following is not on obeve of maintaining inventory in an Organization
a. Taking advantage of quantity discounts
b. Meeting variation fluctuation in product demand
c. Allow flexibility in scheduling
d. Allow backlog in customer orders
Answers
Answer:
a. Advantages of Quantity Discount
The primary advantage of a quantity discount is that the reduced per-unit price encourages customers to order in larger quantities. When customers order in larger quantities, the seller makes higher revenues per
transaction.
b. 7 Tips to Manage Seasonal Inventory and Product Demand Fluctuations
Categorise seasonal inventory. ...
Improve demand forecasting. ...
Identify timelines of seasonal demand. ...
Know your product lead times. ...
Streamline order fulfilment. ...
Know your software options. ...
Timing is everything.
c. A flexible schedule allows an employee to work hours that differ from the normal company start and stop time. Particularly in an environment for exempt employees, those hours are generally 8 a.m. - 5 p.m. or 9 a.m. - 6 p.m., and tallied, they total a 40-hour workweek.
d. Backlog of Orders. It is also called just simply "Backlog", and refers to the quantity and money amount of the product which was ordered by a customer and are not shipped yet.
Answer: