Question: 3.4.3 Different lot-sizing methods can help organisations to find the best economic trade-offs when determining the volume and timing of orders. Elaborate on the trade-offs

3.4.3 Different lot-sizing methods can help organisations to find the best economic trade-offs when determining the volume and timing of orders.

Elaborate on the trade-offs (i.e. advantages and disadvantages) of the LFL, FOQ and POQ lot-sizing methods.

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