Stock FAQs

which of the following is not a factor that determines the level of required backup stock?

by Prof. John Lueilwitz Published 3 years ago Updated 2 years ago
image

Can the stock of materials be maintained below the minimum stock level?

Which of the following is NOT a factor that determines the level of required from ACCOUNTING 306684 at University of Melbourne

How does backup software “know” which files to backup?

Question: Questions: 1) What are the factors that determine the level of required backup stock? 2)What are the customer service elements in returns? 3)Describe the TWO value-added roles of logistics in retail? 4) How can retailers reduce the knowledge gap in service 5) Discuss the importance of sharing of information in retail supply chains.

What are the factors to be considered in fixing stock levels?

Marks A What are the factors that determine the level of required backup stock. Marks a what are the factors that determine the level. School Helwan University, Helwan; Course Title BUSINESS MISC; Uploaded By mhalawaa3; Pages 17 This preview shows page 8 - …

Which operator determines which files to backup?

Which of the following is NOT a factor that determines the level of required backup stock? (p. 319- 320) A. the product availability the retailers wish to provide B. the more fluctuation in demand the more backup stock is needed C. lead time from the vendor D. fluctuations in lead time E. price of the product

image

What are the factors that determine the level of required backup stock?

  • product availability the retailer wants to provide.
  • the greater fluctuation in demand, the more backup stock is needed.
  • backup stock needed is affected by the lead time from the vendor.
  • fluctuations in lead time affect the amount of backup stock needed.

How does product availability affect a retailer?

A higher number of available products in a retail store increases the probability that the customer will find and purchase the desired product (Ton, Raman, 2010). The positive effect of inventories on sales through product availability is referred as availability effect by Koschat (2008).

How can having a high backup stock adversely affect a retailer?

If the backup stock is too high --> scarce financial resources will be wasted on needless inventory that could be more profitably invested in more variety or assortment. Provides the information needed to determine how much to order and when to place the orders for SKU's to be replenished.

What is the smallest unit available for inventory control?

SKU
As part of a system for inventory control, the SKU represents the smallest unit of a product that can be sold from inventory, purchased, or added to inventory.

How does product availability affect a retailer quizlet?

How does product availability affect a retailer? A retailer's inventory investment significantly increases if the level of product availability is very high.

How do you increase the availability of a product?

5 Ways to Improve Product Availability and Banish Stockouts
  1. How to Improve Product Availability.
  2. Utilizing Sales & Operations Planning.
  3. Ensuring Records Are Accurate.
  4. Gaining Control.
  5. Continually Improving Operations.
  6. Building Rapport with Partners.
  7. Reasons to Improve Product Availability.
  8. Maximize Conversion Rates.
Dec 18, 2020

Why should stock levels not be too high?

Excess inventory can lead to poor quality goods and degradation. If you've got high levels of excess stock, the chances are you have low inventory turnover, which means you're not turning all your stock on a regular basis.Dec 29, 2020

What are the major factors that affect inventory levels and its management within an organization?

6 Factors Affecting Inventory Management
  • Financial Factors. Factors such as the cost of borrowing money to stock enough inventory can greatly influence inventory management. ...
  • Suppliers. Suppliers can have a huge influence on inventory control. ...
  • Lead Time. ...
  • Product Type. ...
  • Management. ...
  • External Factors.
Jul 19, 2017

What are the four 4 primary reasons that companies hold inventory?

  • 4 Primary Reasons for Carrying Safety Stock.
  • Protect against unforeseen variation in supply.
  • Compensate for forecast inaccuracies (only when demand exceeds the forecast)
  • Prevent disruptions in manufacturing or deliveries.
  • Avoid stock outs to keep customer service and satisfaction levels high.
Mar 2, 2022

What are the 4 types of merchandise?

What is Merchandising: Types, Advantages, and Disadvantages
  • #1 Product Merchandising:
  • #2 Visual Merchandising:
  • #3 Retail Merchandising:
  • #4 Omnichannel merchandising:
  • #5 Digital merchandising:
Sep 9, 2019

What are the components of merchandise management?

There are four key components of merchandising: buying, planning, managing, and controlling. These four components must lead to, above all, providing the store's customers a highly desirable merchandise mix. This mix needs to be adjusted as the needs of the store's target market customer's change.

What does SKU stand for?

A unique identification number that defines an item at the identifiable inventory level; for example, in retail applications, the SKU may designate style, size and color.

This problem has been solved!

1) What are the factors that determine the level of required backup stock?

Expert Answer

1. The level of back up always depend upon the availability of products in the market. If their is more fluctuating demand more back up s view the full answer

Why is it important to back up without a backup strategy?

After all, the point of backups isn’t to create the backup; it’s to create a copy of data that your business can restore from when the primary copy is damaged or unavailable. Creating a backup strategy to meet that goal ...

Should backups be automated?

Your backups should be automated and run on a schedule, not rely on someone remembering to execute them manually. They should be scheduled to run frequently enough that you’ll capture data that changes often as well as data that changes rarely. They should be scheduled around production workflow needs.

What is backup schedule?

Backup schedule. Your backups should be automated and run on a schedule, not rely on someone remembering to execute them manually. They should be scheduled to run frequently enough that you’ll capture data that changes often as well as data that changes rarely. They should be scheduled around production workflow needs.

Do cloud outages happen?

Cloud outages are rare but do happen. Backup method. You can choose from different kinds of backups. Each backup method requires a different amount of storage, impacting costs, and a different amount of time, impacting both the length of the backup procedure and the length of the recovery procedure. Backup (and recovery) flexibility.

Should stock of materials be maintained below minimum stock level?

The stock of materials should not be maintained below the minimum stock level at any cost. If so, the production will be affected. The following factors are to be considered while fixing the minimum stock level.

What is the nature of material?

Nature of Material: If the materials are required by many production centres and received from many suppliers, the minimum stock level is maintained. If materials is a special item and received from only one supplier, there is no need for fixing minimum stock level. 2.

image
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 1 2 3 4 5 6 7 8 9