Requirements Philosophy & Replenishment Philosophy
Not what you're looking for?
Question: What is the difference between a requirements philosophy and a replenishment philosophy of inventory management? Why is this difference important?
Purchase this Solution
Solution Summary
The solution contains 316 words of text. The difference between a requirements philosophy and a replenishment philosophy of inventory management is examined.
Solution Preview
Inventory management is used by companies to monitor their merchandise and find the best way to avoid any losses as a result of decay, poor storage and lingering production defects by adequately charting merchandise replenishment and requirement strategies.
The inventory requirement philosophy enables department managers to review production logs comparing them with pending sales orders in order to determine whether or not the company will have sufficient merchandise to meet commercial commitments. The purpose of this is to support the ...
Education
- BA, Ashford University
- MBA, Ashford University
- Post-Master's Certificate, Northcentral University
- PhD (IP), Northcentral University
Recent Feedback
- "thank you so much that was very helpful!"
- "Thank You. I have a good understanding of the topic. I will also read the information that was provided."
- "Great thanks"
- "Thank u again!!!!!!!!!!!!!!!!!!"
- "Thank u!!!!!!!!!!!!!!"
Purchase this Solution
Free BrainMass Quizzes
Organizational Behavior (OB)
The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Learning Lean
This quiz will help you understand the basic concepts of Lean.