A U.S. company that orders brass couplings from a supplier in China noted that the cost of
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A U.S. company that orders brass couplings from a supplier in China noted that the cost of the couplings increases significantly at each reorder cycle. The company uses the EOQ model to determine its order quantity. What alternative approach would you advise the company to consider to determine the order quantity that will minimize the firm’s total inventory cost?
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Related Book For
Operations Management Managing Global Supply Chains
ISBN: 978-1506302935
1st edition
Authors: Ray R. Venkataraman, Jeffrey K. Pinto
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