What are the major components of inventory carrying cost? How would you measure capital cost for making inventory policy decisions?
Answer to relevant QuestionsHow can inventory carrying cost be calculated for a specific product? What suggestions would you offer for determining the measure of product value to be used in this calculation? Compare and contrast the fixed quantity version of EOQ with the fixed interval version. In which situations would each be used? How would a transportation manager monitor the quality of service provided by the carriers used? What types of metrics would be used? How would a distribution operation monitor the quality of service provided by a 3PL service provider? What types of metrics would be used to measure private distribution operations? Describe the grid technique. What is its purpose, and how does it lead to the making of a decision? What are its strengths and limitations?
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