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Essay / Research Paper Abstract
This 24 page paper looks the way a company may seek to improve operating efficiency by undertaking better inventory control, focusing on aspects of ordering. The writer looks at the issue of inventory management, considers how or why some firms may not see just-in-time management as a viable. The use of Economic Order Quantity is suggested as a viable alternative. The bibliography cites 10 sources.
Page Count:
24 pages (~225 words per page)
File: TS14_TEinvEOQ.rtf
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Unformatted sample text from the term paper:
2 Finding the EOQ 15 5.3 Implementing EOQ 16 Figure 3 EOQ Example 17 5.4 Variations on EOQ 18 6. Legal and Ethical Issues 19 7. Cost Estimation 21 8. Leadership 22 9. Timeline 23 Figure 4 Work based schedule 23 Figure 5 Gantt chart 24
19. Conclusion 25 References 26 1. Preliminary Investigation In any organization is likely to be a commercial as well as an operational pressure to create, maintain and
increase efficiency. Operating efficiency is impacted by many tasks and areas within an organization, which will fit together under the operations umbrella, and are typified under model such as Porters
Chain (Mintzberg et al, 2008). Porter divided the value chain into five separate sections within a company; inbound logistics, operations, outbound logistics, marketing and sales, and service (Thompson, 2007).
These different activities are also linked by the same support activities, there are four of these, but they can be seen to be active throughout the entire value chain, they
are firm infrastructure, human resource management, technological development and procurement (Mintzberg et al, 2008). These support activities may relate to more than only one section of the supply chain and
as they are in existence they also add costs to the value chain, but are necessary and as such they must be seen to actively add value to the product
(Mintzberg et al, 2008). The reduction of cost should not be achieved at the cost of the quality or value that the support services offer. The way in which
cost saving may be seen to be produced within the value chain is by the linkages in the supply chain. In this, the activities of one part of the supply
chain can be seen to affect the activities and costs of another part of the supply chain. When considering supply chain and looking at areas where there may be problems
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