Suppose you are managing the Speedy Hardware Store. Give examples of items that might be managed by a P system and other items for which a Q system might be used. How do these items differ?
Answer to relevant QuestionsHow should a manager decide the appropriate service level for finished goods items? Should some items have a 100 percent service level? The Cover-up Drapery Company carries four types of fabric with the following characteristics: Assume that the items are to be ordered together from the same supplier at an ordering cost of $20 per order and an annual ...The Co-op in problem 6 has discovered that it should establish a safety stock for its sweatshirts. It wants to use a reorder point system with a two week lead time. The demand over a two-week interval has an average of 450 ...Is it possible to control financial totals without physical control of materials in manufacturing? How much safety stock should be carried in an MRP system? What is the role of safety stock in MRP systems? Where should safety stock be carried?
Post your question