MIDTERM EXAMS

Normally, it is subjective in nature, which sometimes disregards numerical description.

It is a time-ordered arrangement of observations taken on a regular interval.

The simplest way to forecast is to assume that the demand in the next period will be equivalent to the demand in the past recent period.

Refers to any safe keeping units which primarily use for production or it may be referred to any finished goods that are stock for future use.

It means the ratio of average cost of goods sold to the average inventory investment.

Pertains to the physical count of items in inventory made at periodic intervals like weekly or monthly.

It is an electronically records of sales.

Is concerned with the determination, acquisition and engagement of all facilities necessary for future operations.

 Is a system of routine technical activities, to measure and control the quality of the inventory as it is being developed.

This function can be done through dispatching.