Compare and contrast the Q and P systems of inventory control
What will be an ideal response?
The primary advantages of the P system are: the convenience of administration of the system because replenishments are made at fixed intervals, that orders for multiple items from the same supplier can be combined, and that the inventory position needs only to be known when the review is made for the order. The primary advantages of the Q system are that the review frequency of each item is individualized, leading to reduction in ordering and holding costs; the fixed lot size that, if large enough, may qualify for quantity discounts; and lower safety stock.
You might also like to view...
You are writing a final report for your evaluation project. You recognize that the current draft of the final report is too lengthy. You want to move “nice-to-know” information to an appendix, thus shortening the report to “must-know” content only. Which of the following information is the best candidate to be moved to an appendix?
a. a description of three types of stakeholders b. a description of dimensions investigated c. a description of data collection instruments used to investigate individual dimensions d. a description of the survey questions included in the questionnaire
Eli's position at Global-Mach involves purchasing complex manufacturing components, making decisions based on technical data, and creating detailed, scientific reports
Although Eli is very effective at his job, he experiences significant difficulty when engaging in communication with the highly sociable salesperson who services the account. When the salesperson wants to discuss personal matters, Eli appears aloof, reserved, and preoccupied. Eli most likely has a(n) ________ communication style. A) emotive B) directive C) reflective D) passive E) supportive
Khloe is very persistent. Her process is one of building on her past failures by engaging in new encounters. Khloe’s process is ______.
a. challenging b. securing c. expanding d. exposing
Employee surveys, questionnaires, and interviews are common techniques used in which step of the organizational development model?
a. Intervention b. Determination c. Progress monitoring d. Diagnosis