Why do some executives believe that inventory is “bad”? Explain why this thinking is incorrect.
Answer to relevant QuestionsExplain the different types of costs related to inventory planning. Suppose you have been given the task of reducing inventory in your company, without negatively impacting customer service. What actions might you be able to take to accomplish this task? Complete an ABC analysis of the 5 items that Jones Corporation carries in inventory. Talbot Industries is evaluating its service level policy for a product that is considered critical to customers. Demand for item average 100 units per day and the lead time form the supplier of the item averages 6 days. An ...Dreyfus Company has a policy of counting on-hand inventory of one of its products every 45 days. When a replenishment order for the product is placed with the supplier, lead time is 8 days. Demand for the product averages 6 ...
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