In your own words, what is an inventory driver? What is the difference between a controllable inventory driver and an uncontrollable inventory driver? Give examples.
Answer to relevant QuestionsWhich of the following are independent demand inventory items? Dependent demand inventory items?a. Bicycles in a toy storeb. Bicycle wheels in a bicycle factoryc. Blood at a blood bankd. Hamburgers at a fast-food ...Using the same holding and ordering costs as in problem 1, suppose demand for TricoFlexers doubles, to 32,000. Does the EOQ also double? Explain what happens.The lead time for KraftyCity workbenches is 3 weeks, with a standard deviation of 1.2 weeks, and the average weekly demand is 24, with a standard deviation of 8 work benches. What should the reorder point be if KraftyCity ...Sherry Clower is trying to ﬁgure out how many custom books to order for her class of 25 students. In the past, the number of students buying books has shown the following demand pattern:NUMBER OF STUDENTS PERCENTAGE OF ...The following figure shows an Excel spreadsheet that calculates the benefit of pooling safety stock. Speciﬁcally, the sheet calculates how much could be saved in annual holding costs if the safety stocks for three ...
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