Q-1. (i) Define what is supply management? (ii) Define what is Global Sourcing and why...
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Q-1. (i) Define what is supply management? (ii) Define what is Global Sourcing and why it is gaining importance? (iii) Define following terminology for assessing financial impact of supply management. (a) Cost of goods sold (COGS) (b) Merchandise inventory: (c) Profit margin: (d) Return on assets (ROA) : Q-2. (i) Define what is Inventory Management. Why inventory management is important? (ii) What are four functions of inventory management? (iii) What are four Types of Inventory? (b). (i) What is ABC Analysis? (ii) What is cycle counting? (iii) Why Control of Service Inventories is critical? (C). A certain type of computer costs $1,050, and the annual holding cost is 28%. Annual demand is 12,5000 units, and the order cost is $145 per order. What is the approximate economic order quantity
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