Which one of the six functions of inventory do you think is the most difficult f

Question

Which one of the six functions of inventory do you think is the most difficult for an organization to manage or to attain?

• Maintain independence of operations,

• Meet variation in product demand,

• Allow flexibility in production schedule

• Provide safeguard for variation in raw materials delivery time

. • Advantage of economic purchase order size, larger order transfer in lower price.

• Other domain specific reasons, many situations where inventory is in transit, anticipated raw materials price changes.

Explanation / Answer

Out of the six functions of inventory. I think Provide safeguard for variation in raw materials delivery time is the most difficult for an organization to manage or to attain. And, the reason being is that while dealing with vendors, delays can occur due to any reason, which can delay the entire process and in some cases, even make the production at still.

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