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Using automatic data collection. Barcodes scanners etc... This will
reduce costs as more effective reordering need to keep less stock on hand.
classifying inventory
EOQ model- Economic Ordering quantity
EOQ=2PD/CV squared
P=cost of place one order in dollars. D=Annual demand for the product C=annual inventory carrying cost expressed as a
percentage of the products cost or value
V=Average cost or value of one unit of currency...
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D=Annual demand for the product C=annual inventory carrying cost expressed as a
percentage of the products cost or value
V=Average cost or value of one unit of currency.
7.Warehouse management
-rationale role and function- the role of the warehouse is to receive store pick and ship. Its function is to get the goods
near to where the shop is so consumers can get the products quickly...
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Perform Barrier Clearance basic assignment
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