Quelpr
2 marksInventory Management

CAPE Management of Business Unit 2 · 2011 · Paper 2 · Question 1(b)(ii)

State TWO likely benefits for Lloyd Electronics from the implementation of an efficient inventory control system.

The mark scheme is shown once you've answered.

Practise this question

Other parts of this question

  1. 1(a)(i)Define the term 'Total Quality Management' (TQM).[2 marks]
  2. 1(a)(ii)Discuss THREE potential benefits and ONE potential drawback that Lloyd Electronics Ltd. may experience from implementing the TQM approach in its business.[16 marks]
  3. 1(b)(i)State TWO features of 'Just-in-Time operations' and explain how it is related to TQM.[5 marks]

More practice: the rest of this paper · more Inventory Management questions · all CAPE Management of Business Unit 2 past papers