MGT 300 Final: DETAILED COMPREHENSIVE STUDY GUIDE
Document Summary
Explain and calculate productivity and value: productivity = output /input explain, value = quality /cost explain: What are: scm efficient integration of suppliers, transporters, manufacturers, warehouses, retailers and all other parties associated with delivery of the final product, operations management design, operation, and improvement of production. ; preparation of packaged products; movement itinerary (transport); storage itinerary (warehousing: procurement the process of obtaining services, supplies, and equipment in conformance with corporate regulations. Cost?: low: cost to hold inventory is lower, materials handling (cost to handle inventory), less shrinkage/obsolescence, higher liquidity (more capital investment options) Relationship between risk and inventory: more inventory usually means more risk due to holding costs, shrinkage/obsolescence, and less liquidity. Do you understand how to use the graph: eoq: economic order quantity; it"s the optimal order size; refer to module 2, part 2 for graphs. If ahc is higher than eoq (or aoc), then you should decrease your q.
