Answer:
Allows more rapid identification of errors and consequent remedial action than is possible with annual physical inventory
Explanation:
Cycle counting is a prominent stock tallying arrangement that enables organisations to include various things in various zones inside the distribution centre without calculating the whole stock. Cycle checking is an inspecting method where the count of a specific number of things derives the mean the entire distribution centres. It also helps in the identification of errors.
Cycle counting offers advantages such as rapid error identification and maintains accurate records, making annual inventories more manageable and reliable. It requires detailed records just like annual inventories and needs to be performed on all inventory items for effectiveness.
Among the advantages of cycle counting is that it allows for a more rapid identification of errors and enables quick remedial action, which can be more efficient than what is possible with an annual physical inventory. This ongoing process can help make the annual physical inventory more acceptable to management, as it ensures that inventory records are accurate throughout the year. However, it's important to note that cycle counting still requires detailed records similar to annual physical inventory and needs to be performed even for less expensive items to maintain accuracy. While it may not require highly trained people, sufficiently trained personnel are essential to perform cycle counting effectively, especially when identifying and correcting errors.
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Answer:
The COQ is -$10,000
Explanation:
The COQ can be represented by the sum of two factors: Cost of Good Quality and Cost of Poor Quality.
The Cost of Good Quality (CoGQ) includes the prevention and appraisal cost and the Cost of Poor Quality (CoPQ) includes internal and external failures.
The formula of COQ is:
COQ = CoGQ + CoPQ
If
CoGQ= $10,000 + $ 50,000 = $ 60,000
and
CoPQ= -$30,000 - $ 40,000 = -$ 70,000
CoPQ values are negative because they are reductions of wate and returns of bad products
then:
COQ= $ 60,000 - $ 70,000
COQ= -$ 10,000
Answer:
$3,354.
Explanation:
$95,842 * 0.035 = $3,354.
Answer: A sales lead is a person who shows interest in purchasing a product.
Explanation:
A sales lead is known to be an individual who is interested in purchasing a good and will later become a customer to the company. There are different means by which a company can get a sales lead which include: advertising, direct contact with customers and so on.
b. Logistics Section Chief
c. Operations Section Chief
d. Planning Section Chief