What is the difference between independent and dependent demand items? Why is this distinction important to inventory managers?
Answer to relevant QuestionsCompare and contrast the fixed quantity version of EOQ with the fixed interval version. In which situations would each be used? Discuss the primary considerations and issues that must be factored into modal and carrier selection. Discuss the primary tradeoffs that must be made between distribution and other logistics activities. Discuss the role of logistics variables in the decision as to where to locate a plant or distribution center. The strategic sourcing process can be described in terms of a series of steps that should be used in the purchase of goods and services. Briefly discuss these steps.
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