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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
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