List some products in your personal or family “inventory.” How do you manage them? (For instance, do you constantly run to the store for milk? Do you throw out a lot of milk because of spoilage?) How might the ideas in this chapter change your way of managing these SKUs?
Answer to relevant QuestionsDoes the EOQ increase or decrease if estimates of setup (order) costs include fixed, semi-variable, and pure variable costs while inventory-holding costs includes only pure variable costs? Vice versa? What are the ...Crew Soccer Shoes Company is considering a change of their current inventory control system for soccer shoes. The information regarding the shoes is given below. Average demand ............. = 250 pairs/week Lead time ...Perform an ABC analysis for the data provided in worksheet C12P4 in the OM5 Data Workbook. Clearly explain why you classified items as A, B, or C. Provide an argument for or against adopting a chase strategy for a major airline call center. The MPS for product A calls for 100 units to be completed in week 4 and 200 units in week 7 (the lead time is 1 week). Spare part demand for Item B is 10 units per week. The bill of materials for product A is shown on the ...
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