13:35 Feb 13, 2010 |
English language (monolingual) [PRO] Bus/Financial - Management | |||||||
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| Selected response from: Jack Doughty United Kingdom Local time: 06:23 | ||||||
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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3 +1 | typo, impact is on limits OF... |
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3 | result or effect is on limiting inventory exposure |
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typo, impact is on limits OF... Explanation: Should read: "impact is on limits of inventory exposure": this affects the limits (i.e. time limits) for which the inventory can be exposed. |
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result or effect is on limiting inventory exposure Explanation: Reading Slide 6, it talks about Planning shorter time frames and forecasting sales based on history etc., and Slide 7 is a continuation of 6. Since it is recommended in 6 that the time frame should be changed from months to weeks and replenishing inventory when the actual inventory is below ROP, this means that one should not stock unnecessary inventories based on your own feeling or hunch, but rather data collected in the past. Setting batch sizes to 10 weeks of demand, and this will result in or have an effect on limiting inventory exposure, which means that this would influence in a way that unnecessary inventory would not be stocked. |
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