How would you use measures of central tendency doing inventory control?
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measures of central tendancy are means and averages. so if you have a mean inventory level then you can track how many extra units you are selling. or above average or below average sales
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Determine what measurable attributes (metrics) reflect performance in your field. Decide upon a reasonable goal/ target based on historical performance in your group, regulatory guidelines, etc.\n\nFor example, if you are in manufacturing, you might set a safety goal. A measurable attribute would be # of lost time accidents per month. You might start with a goal of <20 per month, then do research and learn that OSHA frowns upon >10 per month, and then you might realize that your group is at 15/month. So you'll be able to start narrowing down your target from there. \n\nThe same method can be used in different fields. If you have (internal or external) customers, you can ask them for input into targets. If the organization has overall performance goals, you can use those to set your targets (SLAs), and so on.
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Being a serviced based business, our indicators are labor versus revenue.  If we maintain a 50% or less labor costs against revenue each month then the quarterly reports will always fall in line with projections.  When labor spikes over 55% on a monthly basis then we will fall short of projections.\n\nManufacturing and other industries use other markers.
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follow porters value chain. that give u a logical step wise analysis of  the organization. \n\nor else u c draw a supply chian for the organization u want to study. break each components into subcomponents. thus u can start studying even the minute details
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It's a measure of central tendency that is acheived by dividing the sum of all values (sample data) by total number of occurences (frequency).
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Indexes OR indices--either will work.
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We have an inventory system that tracks all of the items that go into/out of a particular department.\nThe computer program that our inventory system utilizes has a procedure that essentially takes a "snap shot" of what the warehouse has at that moment.\nWe take that "snap shot" form, and compare what it says with actually walking down each aisle and making sure the counts match.  If there is any discrepancy, we note it on the form...and then take those notes to the computer to update the computer program.\n\nThis is usually done 1-2 times per year, as each week and month we do a cycle count to keep a closer eye on supplies needed for production.\n\nEach company, as you'll soon find out, has it's own set of standards...but there is some basic fundamentals.\n\nFor more information, you can check out various inventory/logistics magazine articles on the subject.  You can also check APICS.
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a method for decision making
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Use selective bias, that is understand that if you distribute in one area or on-line from one website you will get answers slanted one way or another, try to come up with a means of accounting for and balancing out the bias. For example, marketing companies routinely sample from malls to get information, seemingly unaware that getting pricing guidelines from people who pay $6 for coffee and $5 for a cookie needs to be balanced out by going to a flea market $1 for coffee and a cookie.
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I suppose you were given more than those three consumption figures, but didn't put them in here? \nYou could plot these points on a graph, putting the mass values along the horizontal axis and the consumptions on the vertical.  If they are in a straight line, or nearly so, continue the line back to the point above 25kg on the mass scale, and see what consumption value it has.
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Point of sale.\n\nTo some extent there has always been data collection at point of sale, but in the old days with simple cash registers it was difficult to track what individual items were being bought and sold making inventory a more complicated and repeated task.\n\nInitial point of sales didn't help inventory control very much since the amounts were being recorded automatically but not the items.\n\nThe real break through came with bar coding because the sale amount and the change of inventory were both recorded in real time.
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production, distribution, and consumption of goods and services
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I don't have much experience with this, but I have been doing some reading in motivational psychology.\n\nYou might want to do a search on Douglas McGregor's Theory X and Theory Y management philosophies.  Basically, Theory X is a "control and command" type of management style and Theory Y is "growth" type of style.  You can also check out Maslow's "Hierarchy of Needs".  Basically, the idea here is that you need to fulfill people's basic needs first: food, security, love/friendship, ego before they can start to think about other things and grow.\n\nAlso check out the Jan 21st issue of "The Economist", which talks about new ways of organizing American businesses.
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In accounting, ABC stands for activity-based costing. In inventory or stock management, it's a method of stock control. It's basic assumption is that not all stock is equally valuable, therefore doesn't need the same kind of attention.\n\nSo you categorise all your stock according to its cost and quantity - and create a graph with cost shown on Y axis and quantity shown on X. From left to right, you place your stock from highest value to lowest. Typically, you see that a small portion of stock is the most valuable, and therefore needs maximum attention and resources - that's called 'A'. The next most valuable section of stock is B, the next is C and so on.\n\nBasically it shows you which stocks need more attention and which need less. It helps in utilising resources for stock management more effectively.
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i can design it for u plz send me the detail  that what type of inventory system u want (e.g. Normal, Medium, Large) and in which language. Where u have to submit it at DLP or Regular College.\nhoping 4 ur reply.
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Try this website for information on how to create a supply/demand graph:\n\nhttp://www.producingohio.org/lesson/draw.html
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I am not sure that I follow what you are asking. Are you looking for the above items to be charted as variables on your graph?\n\nPerhaps if you post additional details in your question, it would help us.