Answer to Question #317464 in Management for Aby

Question

 List down briefly the various inventory management techniques prevalent in the industry. Discuss how some of these techniques would be applicable to an Automobile Service Shop in effective management of their inventories; i.e Spares, Consumables, etc (assume several inventories of your choice).

Answer 1

i. ABC Analysis.

ii. Batch tracking.

iii. Bulk shipments.

iv. Consignments.

v. Cross-docking.