Define What Is Meant by Variable-Oriented Analysis and What Is

question 5

Essay

Define what is meant by variable-oriented analysis and what is meant by case-oriented analysis.Give an example of a research project in which you would use variable-oriented analysis and one where you would use case-oriented analysis.

Understand how LIFO layers affect inventory valuation and financial reporting.

Evaluate the impact of different inventory accounting methods on business financial health.

Analyze the effect of inventory valuation methods on tax liability and company's book value.

Understand the difference between fixed and flexible budgets.

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Definitions:

Reverse Flows

The process involved in moving goods from their typical final destination for the purpose of capturing value, or proper disposal, often part of reverse logistics.

Waste Flow

The process or movement of waste materials from the point of origin through collection, transport, treatment, and disposal.

Supply Chain Analytics Maturity Model

A framework describing the stages of advancement and capabilities within an organization's supply chain analytics, from basic reporting to advanced predictive and prescriptive analytics.

Predictive

Related to the ability to use data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.