The strengths and weaknesses of inventory control depend on the type of control system. If it is a manual control system, a strength is that every item in the system is checked by a real person instead of counted by a machine. A weakness would be the same - human error.
The advantages are: (1) You know your stock levels; (2) You can conduct stock rotation; (3) You can optimise and reduce stock of items that don't move that quickly; (3) You can move you quick moving items to the front thereby speeding up picking; (5) You can quick identify items that are not moving that you can remove from your inventory. The disadvantages: (1) It doesn't stop staff stealing stock, (2) It can waste a lot of effort if not implemented and maintained correctly: (3) It doesn't replace incompetent management; (4) It can be very expensive and the return on investment can take a long time; (5) It requires a lot of staff training and you may loose some staff on the way.
Advantages and disadvantages of classical management theory?
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What is the Disadvantages of Management Information System?
The advantages of inventory management are to help you to reduce inventory holding thus increase your profit. Inventory data accuracy will be improved as all the incoming and outgoing stocks are recorded properly in the system. With proper inventory management, you can increase productivity by reducing the head counts and overtime.
Strategic management has many advantages and disadvantages. One advantage of strategic management is being able to expect whatever comes up.
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Disadvantages of neo classical
The advantages are that things will be done in a timely manner. Disadvantages are there is sometimes a lot of work for one person.
Effective inventory management can help you to reduce inventory holding thus increase your profit. Inventory data accuracy will be improved as all the incoming and outgoing stocks are recorded properly in the system. With proper inventory management, you can increase productivity by reducing the head counts and overtime.
The advantages and disadvantages of Human Resource management are vast. One advantage is that the company will run very efficiently.
The process approach in writing to teaching OR in management ?