How can inventory flow diagrams be useful to a logistics manager?
Answer to relevant QuestionsDiscuss what is meant by ABC analysis of inventory. What are several measures that can be used to determine ABC status?Distinguish between a fixed order quantity and fixed order interval system. Which one generally requires more safety stock? Why?How do the consequences of JIT go far beyond inventory management?How have cost considerations influenced facility location decisions?How do transportation considerations influence facility location decisions?
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