What is meant by the term inventory velocity and why is this important? What is information velocity, and why is it important?
Answer to relevant QuestionsExplain strategic partnering. Describe supplier certification and explain why it can be important. Determine which shipping alternative would be most economical to ship 80 boxes of parts when each box has a price of $ 200 and holding costs are 30 percent of price, given this shipping information: overnight, $ 300, ...Why are priority rules needed? Rework Problem 1, treating the numbers in the table as profits instead of costs. Compute the total profit.
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