Contribute:

1. Pick a short cycle product and discuss briefly how would you estimate the shortage/stockout costs for that product?
2. What factors related to the product, industry and supply chain would you consider in deciding what service level (e.g., 99%) to specify for a long life cycle product?
3. What is a real-world challenge in using the inventory models like short cycle or long cycle

Answer rating: 100% (QA)

Short Cycle Product Smartphones Estimating ShortageStockout Costs for Smartphones Shortage costs refer to the expenses incurred when a product is out ... View the full answer