1.

What are the three key objectives of inventory control?

2.

Which departments put pressure on inventory managers, and what are their objectives?

3.

'More stock gives better availability.' Challenge this conventional view.

4.

Two companies distribute fast moving consumer goods. Their results for last year were:

You have been offered the job of inventory manager by both companies. Which one would you take and, based on the data provided, explain why.

5.

The aim for Ace Distributors (in question 4) is to reduce the stock to 1.5 million. What will be the return on assets then?

6.

What change in the return on capital (as a percentage) will there be when a company has reduced its stock value by 500 000, given the following data:

where

7.

Discuss the ways in which the JIT approach differs from conventional inventory management.

8.

How does a company give good customer service? A company is distributing a range of fast-moving items to stockists. The following is a list of dispatches for one day. What is their customer service level, assuming this to be a normal...