Newsboy Problem
This refer to the problem of determining the optimum level of inventory to maintain for any quickly perishable product.
If too much of perishable product is started as inventory it could cause unnecessary losses due to lack of sales.
On the other and if too little of its stored as inventory it could lead to loss of potential sales.
The NEWSBOY PROBLEM is named after the common issue faced by vendor selling newspaper news when does needed to make quickly decision about inventory level as the demand for newspaper fluctuates daily and consumer generally have no use for a newspaper beyond a day.
Too much ego will kill your talent
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Conceptual
Newsboy Problem This refer to the problem of determining the optimum level of inventory to maintain for any quickly perishable product. If...
Thursday, August 2, 2018
Conceptual
Saturday, July 14, 2018
Big influences
Six big influences on who you will become...
1. What you watch
2. What you read
3. What you listen to
4. Who you spend your time with
5. The things you say to yourself
6. The thoughts you choose to accept
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