Continuous Review Notes: Definitions & Explanations PDF | Download eBooks
Study Continuous Review lecture notes PDF with supply chain management definitions and explanation to study “What is Continuous Review?”. Study continuous review explanation with SCM terms to review supply chain management course for online MBA programs.
Continuous Review Definition:
An approach to managing inventory that makes inventory-related decisions when inventory reaches a particular level, as opposed to period review..
Operations Management by Nigel Slack, Alistair Brandon-Jones, Robert Johnston
Continuous Review Notes:
Ceaseless stock keeps a steady track of amounts; when they get underneath a cut-off level, the store arranges more. Intermittent stock must be finished with PCs, since it's excessively troublesome and tedious to always track stock by physical tallies except if the quantity of things is extremely little. A major box store may most likely follow the quantity of flat screen TVs it has in the store, for instance, yet not the quantity of soda pop jars. In an automated constant stock framework, each time the money register rings up a deal, the PC takes note of the stock is somewhere around one. Nonstop stock is certainly the unrivaled, progressively effective framework. The main time occasional stock is a superior decision is the point at which there's little stock to check, or the expense of purchasing the essential PC framework is excessively high.
Keep Learning with Supply Chain Management Notes
What is Gantt Charts?
This chart represents the total time and span of the project, and then broken into the increments such as the ...
What is Supply Chain?
It is a network between the organization and its suppliers to manufacture and distribute the end product and service to ...
What is Line Layout?
In assembling designing, an item format alludes to a generation framework where the work stations and gear are situated along ...
What is Business Process Re-Engineering (BPR)?
A business procedure or business technique is an accumulation of related, organized exercises or assignments by individuals or hardware which ...
What is Lead Time?
Procedures and practices to accomplish inventory network strength have been at the core of production network the executives practice and ...
What is Make-or-buy decision?
The settle on or-purchase choice is the demonstration of settling on a key decision between delivering a thing inside (in-house) ...