Select one of the key concepts from the list below for your Discussion response. Be sure to
Fantastic news! We've Found the answer you've been seeking!
Question:
Select one of the key concepts from the list below for your Discussion response. Be sure to identify the name of the organization.
- Discuss how to conduct an ABC analysis for one or more inventory items for your selected organization.
- Justify the use of the EOQ model for independent inventory demand.
- Explain the differences that exist between using the EOQ model at a product-based business (i.e., sells a physical, tangible product), and a service-based business (i.e., sells a service, which has no physical or tangible product).
- Explain how to compute a reorder point and describe safety stock. If the material for the product is shipped across oceans, how would that influence the safety stock?
- Contrast the differences between service levels and probabilistic inventory models in the context of your organization.
- Please support your essay with at least three recent (within the last five years) references. At least two of them should be scholarly (peer-reviewed journal publications).
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: