4. What role does inventory management play in an overall business plan and describe the benefits of just in time inventory management.
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4. What role does inventory management play in an overall business plan and describe
the benefits of just in time inventory management.
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Describe some of the benefits of just in time inventory management ?Explain the benefits of a good inventory management in a organisation. In detail and do not use AI.
- Are inventory management's tasks well-defined?What role does inventory management play in an overall business plan and describe the benefits of just in time inventory management.Describe one of the methods for managing cash disbursements or cash receipts and how it impacts profitability.Describe how inventory expenses must be balanced and kept in minimum though inventory control?
- How can you assess the criticality of an inventory shortage as a store manager?Dara Jones, operations manager of Arrow Distributing Corp., likes to track inventory by using weeks of supply as well as by inventory turnover. Arrow Distributing Corp. Net Revenue Cost of sales Inventory Total assets $16,480 $14,740 $1,010 $9,220 a) What is its weeks of supply? weeks (round your response to two decimal places). b) What percentage of Arrow's assets are committed to inventory? % (enter your response as a percentage rounded to two decimal places). c) What is Arrow's inventory turnover? times per year (round your response to two decimal places). d) Suppose a manufacturer has an inventory turnover of 13.5 times per year. Arrow's supply chain performance relative to the manufacturer's, as measured by inventory turnover, is