问答题
问答题
(a) Calculate the cost of the current ordering policy and the change in the costs of inventory management that will arise if the economic order quantity is used to determine the optimum order size for Product KN5. (6 marks)
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问答题
(b) Briefly describe the benefits of a just-in-time (JIT) procurement policy. (5 marks)
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问答题
(c) Calculate and comment on whether the proposed changes in receivables management will be acceptable. Assuming that only 25% of customers take the early settlement discount, what is the maximum early settlement discount that could be offered? (6 marks)
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问答题
(d) Discuss the factors that should be considered in formulating working capital policy on the management of trade receivables. (8 marks)
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