Which variables could you change if you wanted to reduce inventory costs in your organization? Which ones would you prefer to change? Why?
Answer to relevant QuestionsThe JIT movement has long argued that ﬁrms should:a. Maximize their process ﬂexibility so that ordering costs are minimized;b. Stabilize demand levels;c. Shrink lead times as much as possible; andd. Assign much higher ...For problem 4, suppose that the standard deviation of demand during the 13-day period drops to 4 tins. What happens to the restocking level? Explain why.Suppose Ollah decides to order 200 bags at a time. What would the total ordering and holding costs for the year be? (For this problem, don't consider safety stock when calculating holding costs.)Through its online accessory store, Gateway sells its own products, as well as products made by other companies. One of these products is the Viewsonic VX150 LCD monitor:Estimated annual demand:............... 15,376 ...Can a company complete its material requirements plans before it does master scheduling? Explain.
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