Question: Create your own warehouse Inventory scenario. Come up with a Company name, several products ( not more than 1 0 ) , and a story
Create your own warehouse Inventory scenario. Come up with a Company name, several products not more than and a story to determine how much of your product is usedconsumed on a weekly basis, lead time, buffer inventory, and total number of deliveries per year. Once you have developed your case study answer the following questions regarding your inventory:
What is your weekly, monthly, annual demand, and lead time?
What is your reorder quantity?
What is the maximum inventory level of your product?
What is the average inventory level of your product?
Explain in your company which items should be ordered based on fixed order quantities and which items should be ordered based on periodic order strategy.
What technologies bar codes, RFID, IoT, equipment, etc. you think you need to manage your warehouse?
Please write out formulas and explain each answer.
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