How does the use of consignment policy decrease the total inventory cost?

01 April 2013 1 5K Report

In the consignment policy some inventories of vendor just go to the buyers' one. So, ultimately inventory cost remain same as the classical EOQ. But some other cost (like ordering cost) decreases using CP.

Deepika Khatri

CONSIGNMENT POLICY resembles JIT strategy. In This Just In Time strategy decrease excess inventory by receiving consumables only as they are needed in the hospital, thereby reducing inventory costs.

Badges
Science topic

Similar topics
Geoscience
Asia
India

More S. M. Shahidul Islam's questions See All

Baseline drift in HPLC? What causes this?

Hello, Why do i see this baseline drift when i compare my blank (black) to the sample (blue)? Any suggestions as to why this happened? Thank you!

11 August 2024 3,770 4 View

Has anyone applied Python in the field of textile engineering for data analysis, automation, or smart textiles?

I'm currently exploring the application of Python in textile engineering, specifically in areas like data analysis, process automation, and the development of smart textiles. I'm interested in...

10 August 2024 7,429 2 View

How to increase simulation box size?

We intend to study the interaction between peptides and polymer (like PP, PE and PS) through MD simulations using Martini force fields ( Martini 2 for PP and Martini 3 for PE, PS). We have...

08 August 2024 4,842 0 View

How to prepare the nanoparticle treated fungal sample for Environmental SEM analysis?

A fungal strain was treated with nanoparticles. We want to do an environmental SEM analysis. So could anyone share your views on preparing the sample? Thank you.

07 August 2024 5,307 1 View

Absorption coefficient of methane?

Hello, Can anyone provide me with the absorption coefficient of methane gas at 7.7 um? Any reference?

06 August 2024 980 5 View

How are Large Models Exploring and Outputting Knowledge Understanding in Specific Content Areas, and What Does Academic Research Say About It?

Hello everyone！ I am currently exploring the performance of large models in understanding knowledge in specific domains, and attempting to construct a knowledge framework similar to what...

05 August 2024 5,729 2 View

Regarding a model for simulating battery charge and discharge, what do you consider to be high fidelity?

Regarding a model for simulating battery charge and discharge, what do you consider to be high fidelity? What is the acceptable percentage of error (regardless of the metric)? Could you suggest...

03 August 2024 5,358 0 View

How do i get an account to upload my published papers?

need to open an account to upload my published papers

01 August 2024 9,255 1 View

What is the problem with these tissue culture plants?

All plants are green but some of these plants becomes yellow. I did not found any reason. Please help me to find out the real problem.

01 August 2024 589 4 View

How to correctly use the UTE and ZTE pulse sequences in Bruker's ParaVision software?

I am using a Bruker 600M solid-state NMR spectrometer with a Micro 2.5 microimaging system. The test sample is a tube of 1M LiCl aqueous solution, and the nucleus detected is 1H. I am trying to...

01 August 2024 9,227 1 View

What should Berlin do as a city to become as impactful as London and Paris in World Football?

Please go through my Abstract. I can also share a proposed Thesis Outline.

04 August 2024 2,077 0 View

Identify the eight key processes of excellent supply chain management and discuss how each of these processes impacts the end customer?

Read the journal article by Douglas M. Lambert, “The Eight Essential Supply Chain Management Processes,” Supply Chain Management Review, Vol. 8, No. 6 (2004), pp. 18-26

04 August 2024 9,919 4 View

How to use energy flexibility in inventory modeling?

29 July 2024 2,192 5 View

Patronage margin difference between offline womens'apparel store and its equivalent online.Is this a good research topic?

I intend to explore and assess how offline womens' modern apparel store are losing out online and the need to get them on board based on this assessment. I am on a student on MPHIL Media and...

26 July 2024 1,440 1 View

What are the modern approaches to the organization and sustainable management of greenery in urbanized cities?

What are the modern approaches to the organization and sustainable management of greenery in urbanized cities? How can ecological and recreational functions be introduced into the landscape and...

23 July 2024 7,292 4 View

What sustainable management strategies can be used to prevent soil erosion and role of biodiversity in sustainable agriculture?

22 July 2024 5,672 4 View

How to use differential equations to apply hybrid production in an inventory model ?

give suggestions

22 July 2024 5,664 2 View

How does rainwater harvesting contribute to sustainable water management and how can storing rainwater help in improving plant growth?

21 July 2024 2,309 3 View

What additional processing or treatment options are available to enhance biogas plant digestate quality or value?

One has to understand about the enhancement procedures and treatment systems I can list around 12 procedures which are tried and tested and are proven so let us see how many in total the experts...

20 July 2024 3,392 2 View

What are your recommendations for Scopus-indexed journals (preferably Q2 and Q3) in Change management?

Dear all Good evening I am asking if you have experience with publishing scientific papers in Change management, organizational development, project management, or business management I need...

19 July 2024 9,461 4 View