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        1. Give English equivalents for the words and phrases given below:

владеть активами; выписывание счетов; гарантийная поставка, долгосрочные отношения; заготовка запаса; запись заказов; материальные средства; надежность поставщика; полная загрузка, поставка под заказ; производство и упаковка; резервный запас; розничный торговец; сторона-подрядчик; совместное субподрядная организация; стоимость запасов; уровень материальных запасов; устранение отходов; хранимые товары; эксплуатационные расходы.

        1. Complete the sentences using words and expressions given below:

price; stocks; availability; quantity; timescale; manufactured; control; inventory; loads; material; demand; cost; supplying; delays; levels; reliability

The reasons for holding …………….1of inventories are avoiding ……………2 in passing products to customers, taking advantage of ………..3 discounts, making full ………..4 and reduce transport costs.

The role of inventory management is ……………5 goods to its customers, when suitable products are available at an acceptable price within reasonable……………….6.

The purpose of controlling the ……………7 is to drive the …………8 toward their proper level which is determined by the characteristics of supply and …………….9 patterns.

“Just-In-Time” is the aim of tight inventory……………10, effective process planning and plant design, workforce motivation, ……………11 reduction, logistics and ………….12 require planning.

The practical considerations of managing inventory are ……………..13 of the supplier, criticality of the item, ……………14 of item from other sources.

Kanban, a scheduling system, a label fastened to a specific item being …………………15 that tells a workstation the …………….16 to be delivered to the workstation.

        1. Answer the questions:

  1. What are the reasons for holding the level of inventories?

  2. What was inventory management focused on in the 1950-80s?

  3. Why were the reasons for vertical integration?

  4. How has the way of thinking on inventory management nowadays changed comparing to that one in the past?

  5. What is the role of inventory management?

  6. What is the most profitable policy in the inventory control?

  7. What is the purpose for inventory control?

  8. Why is it necessary to hold the levels of inventories? Name the reasons for it.

  9. What was inventory management focused on in the 1950s-1980s years?

  10. Why were the reasons for vertical integration?

  11. What is the role of inventory management?

  12. What is the most profitable policy in the inventory control?

  13. What is the purpose of controlling the inventory?

  14. Name the practical considerations of controlling the inventory.

  15. How can you describe Just-In-Time principle?

  16. JIT is the logical aim of many things. Enumerate them.

  17. What does push-pull system mean?

  18. What kind of attitude from the part of the firm management is necessary in order to implement JIT system?

  19. What does “Kanban” mean?