Inventory Management Essay Example for Free

Inventory Management Essay Inventory is the quantity or total amount of goods and materials in a store or factory for some immediate or some future use. The reasons for holding more than adequate stocks of inventory would be 1.  Ã‚  Ã‚  Ã‚  Ã‚   to keep business operations running and to meet current orders 2.  Ã‚  Ã‚  Ã‚  Ã‚   to meet unforeseen demand and to effectively meet customer orders 3.  Ã‚  Ã‚  Ã‚  Ã‚   to take care of the lead time , ie , the time gap between ordering the stores and   receiving them and place orders accordingly 4.  Ã‚  Ã‚  Ã‚  Ã‚   to use as a hedge against price increases and inflation and control losses 5.  Ã‚  Ã‚  Ã‚  Ã‚   to even out erratic demand requirements. Inventory control or inventory management is an attempt to maintain an adequate supply of goods while minimizing inventory costs resulting from obtaining and holding inventory with the purpose of providing information to â€Å"efficiently manage the flow of materials, effectively utilize people and equipment, coordinate internal activities and communicate with the customers.†Ã‚   .   Some of the terminologies related to inventory management are EOQ-Economic Order Quantity   or how much to order SAFETY STOCKS- how much inventory to hold on hand REORDER LEVEL – the minimum levels of stocks at which new order for stocks is to be placed. Visual control –enables the manager to examine the inventory visually and determine if more inventory is required. Tickler control -enables the manager to physically count a small portion of the inventory each day so as to cover the entire range of inventory regularly over several days. Click sheet control is a method whereby the manager records the item as it is used on a sheet of paper. This information is used while determining the reorder levels.   Stub control (used by retailers) enables the manager to retain a portion of the price ticket when the item is sold. The manager can then use the stub to record the item. Point-of-sale terminals relay information on each item used or sold. The manager receives information printouts at regular intervals for review and action. Off-line point-of-sale terminals relay information directly to the suppliers computer who uses the information to ship additional items automatically to the buyer/inventory manager. The final method for inventory control is done by an outside agency. A manufacturers representative visits the large retailer on a scheduled basis, takes the stock count and writes the reorder. Unwanted merchandise is removed from stock and returned to the manufacturer through a predetermined, authorized procedure.

Essay --

This also shows early ego deficits at the level of part-object relations formulated by Klein (1975) on early ego deficits. Self-esteem is the main factor perpetuating eating disorder symptoms, then treatment outcome should improve her self-esteem, which in turn improves her symptom in eating disorder (Fairburn et al., 2003; Yellowlees, 1997). Treating self-esteem improved eating disorder symptomatology again was shown by the study by Newns (Newns, Bell, & Thomas, 2003) and raising self-esteem helped to maintain the change that obtained after the treatment (Beresin, Gordon, & Herzog, 1989; Hsu, Crisp, & Callender, 1992; Peterson & Rosenvinge, 2002; Rorty, Yager, & Rossotto, 1993). Ms MA had shown to have chronic low self-esteem since adolescence when her academic performance was worse than all her siblings yet she always put unrealistic goal for herself. In addition, her mother always liked to compare her with other siblings which further lower her self esteem. Subsequently, her fai led marriage life made her self-esteem broken down and she had begun to attempted suicide. She then decided to push herself up and work to support her daughter, so she used â€Å"bulimia† and â€Å"binging† as her defense mechanism and so she could continue to function. Treatment methods could be used for bulimia is: Psychodynamic, Cognitive behavioral and Disease/addiction. A psychodynamic psychotherapy emphasizes internal conflicts, motives, and unconscious forces. The belief is that addressing and resolving the underlying cause for disordered behaviors, they may not return or lapses. (Medina LM, 2003) The most frequently applied concepts of brief psychodynamic psychotherapy have been the methods developed by Luborsky, Horowitz, Shapiro and Firth, and Davanlo... ...ent is important to ensure the success of this treatment. To continue this kind of therapy for too long without symptom change seems unnecessary and unfair. As for Ms M, she has decided to make a change to her obesity and health. In addition, she began to stop her impulsive eating after attending dietitian and Bariatric surgery clinic. Thus, the risk for the symptoms to continue is not existence. The priority now is to raise her self-esteem, to gain her new understanding, to change her interpersonal skill which subsequently ensured long-lasting change. This could be achieved by the psychotherapy to improved her insight and subsequently patient developed a more adaptive way of relieved her stress. While she was attending a nutrition clinic and she was dieting to reduce weight, psychotherapy at this moment would increase her self-esteem and self-confidence to change. Essay -- This also shows early ego deficits at the level of part-object relations formulated by Klein (1975) on early ego deficits. Self-esteem is the main factor perpetuating eating disorder symptoms, then treatment outcome should improve her self-esteem, which in turn improves her symptom in eating disorder (Fairburn et al., 2003; Yellowlees, 1997). Treating self-esteem improved eating disorder symptomatology again was shown by the study by Newns (Newns, Bell, & Thomas, 2003) and raising self-esteem helped to maintain the change that obtained after the treatment (Beresin, Gordon, & Herzog, 1989; Hsu, Crisp, & Callender, 1992; Peterson & Rosenvinge, 2002; Rorty, Yager, & Rossotto, 1993). Ms MA had shown to have chronic low self-esteem since adolescence when her academic performance was worse than all her siblings yet she always put unrealistic goal for herself. In addition, her mother always liked to compare her with other siblings which further lower her self esteem. Subsequently, her fai led marriage life made her self-esteem broken down and she had begun to attempted suicide. She then decided to push herself up and work to support her daughter, so she used â€Å"bulimia† and â€Å"binging† as her defense mechanism and so she could continue to function. Treatment methods could be used for bulimia is: Psychodynamic, Cognitive behavioral and Disease/addiction. A psychodynamic psychotherapy emphasizes internal conflicts, motives, and unconscious forces. The belief is that addressing and resolving the underlying cause for disordered behaviors, they may not return or lapses. (Medina LM, 2003) The most frequently applied concepts of brief psychodynamic psychotherapy have been the methods developed by Luborsky, Horowitz, Shapiro and Firth, and Davanlo... ...ent is important to ensure the success of this treatment. To continue this kind of therapy for too long without symptom change seems unnecessary and unfair. As for Ms M, she has decided to make a change to her obesity and health. In addition, she began to stop her impulsive eating after attending dietitian and Bariatric surgery clinic. Thus, the risk for the symptoms to continue is not existence. The priority now is to raise her self-esteem, to gain her new understanding, to change her interpersonal skill which subsequently ensured long-lasting change. This could be achieved by the psychotherapy to improved her insight and subsequently patient developed a more adaptive way of relieved her stress. While she was attending a nutrition clinic and she was dieting to reduce weight, psychotherapy at this moment would increase her self-esteem and self-confidence to change.

Lab Questions – Business

Money is a medium of exchange representing something's worth, usually through coins or banknotes. 2. How did religious views influence money-lending In early Italy? When did money lending become acceptable? Many religions frowned upon money lending. Italy contained many Christians and Jews and their biggest question was whether money lending was worth living eternally In hell. The practice of lending money only became acceptable when the Meddle family rose around the asses. 3. How did the Medici get around the usury laws?The Medici got around the usury laws by changing how people studied God, and by buying the ruling of the pope, since the pope could do no wrong, this made them exempt from Illegal money lending. 4. How did the bond market develop? The bond market Is a financial market where new debts are Issued; It Is used to support the expenditures of the public and government. 5. What Invention did the Dutch have that influenced the stock market? The Dutch invented the stock excha nge in Amsterdam, which acted as the first stock market in the world. Their first traded stock was for the East India company, and the idea blossom soon after that. What was the first joint-stock company? What determined the stock prices? A joint-stock company is a business entity that is owned by shareholders. The first joint-stock company was the Company of Merchant Adventurers to New Lands in 1553. Their stock prices were determined by how many shareholders their were. 1 . What is money? Coins or banknotes. 2. How did religious views influence money-lending in early Italy? Whether money lending was worth living eternally in hell. The practice of lending money only became acceptable when the Medici family rose around the asses. Exempt from illegal money lending. 4. How did the bond market develop? The bond market is a financial market where new debts are Issued; It Is used to support the expenditures of the public and government. 5. What Invention did the Dutch have that influence d the stock market? The Dutch Invented the stock exchange In Amsterdam, which acted as the first stock market In the world. Their first traded stock was for the East India company, and the Idea blossom soon after that. 6. What was the first Joint-stock company? What determined the stock prices?A Joint-stock many Is a business entity that Is owned by shareholders. The first Joint-stock company was the Company of Merchant Adventurers to New Lands In 1553. Their stock prices were determined by how many shareholders their were. Lab Questions – Business By architects 1 . What is money? Money is a medium of exchange representing something worth, usually through The bond market is a financial market where new debts are issued; it is used to support the expenditures of the public and government. 5. What invention did the company is a business entity that is owned by shareholders.

The Modern Day Icon For Communication - 962 Words

We live in an age of information and technology where data is sent and received with the touch of a button and in the blink of an eye in most cases. Think about what one see countless times during the day; at the grocery store, in the car, at a restaurant. No matter where one goes, one can see someone with a cell phone either â€Å"attached to their ear,† sending or reading a text message, on Facebook, tweeting, on instagram, or reading their e-mail. The iPhone has become the modern day icon for communication of all sorts and one of the most successful products marketed to the public. The beginning of Apple started when Steven Wozniak and Steven Jobs were friends and college drop-outs; Wozniak worked for Hewlett-Packard and Jobs worked for Atari. They decided to build and market their own computer in April of 1976; this was the beginning of a company known as Apple, along with their first product, the Apple 1. 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