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Review questions 148 what are likely to be the

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Unformatted text preview: about making sure that sufficient quantities of inventory are delivered where they are needed, when they are needed, and in a condition to be used as planned. Review Questions 14–8 What are likely to be the viewpoints of each of the following managers about the levels of the various types of inventory: finance, marketing, manufacturing, and purchasing? Why is inventory an investment? 14–9 Briefly describe each of the following techniques for managing inventory: ABC system, economic order quantity (EOQ) model, just-in-time (JIT) system, and materials requirement planning (MRP) system. 14–10 What factors make managing inventory more difficult for exporters and multinational companies? CHAPTER 14 LG4 LG5 Working Capital and Current Assets Management 611 14.4 Accounts Receivable Management Hint Some small businesses resolve these problems by selling their accounts receivable to a third party at a discount. Though expensive, this strategy overcomes the problem of not having adequate personnel. It also creates a buffer between the smal...
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