QUESTION # 1
1. What constitutes inventory? Discuss the benefits of inventory management.
ii)Discuss new developments in inventory management systems and the implications for production technique any philosophy.
iii) What factors are likely to reduce the holdings of inventory in relation to sales in the future? What factors will tend to increase the ratios and what in your judgement is the net effects?
QUESTION # 2
2. Discuss the commonly used procedures for ranking investment proposals. what are the advantages and disadvantages of these techniques? (Use examples where appropriate)