Question: inventory models provide managers with decision making tools that can be applied to a company. It also has a set of assumptions that it is

inventory models provide managers with decision making tools that can be applied to a company. It also has a set of assumptions that it is based on that are necessary for proper calculations and theoretical base. In my opinion, for a global automotive company an inventory model that may be most suitable could be a hybrid style approach. A basic economic order quantity may not be effective enough for the complexity in the automotive industry as well as many models. I feel as though an ABC analysis can be important in the automotive industry when it comes to identifying certain inventory parts. These can be divided by high value parts and lower value parts. The EOQ model can be incorporated for helping with optimal order quantity balancing as well as costs when buying in bulk. This can help optimize cost, reduce waste, and manage the uncertainty of stock when it comes to supply and demand. do you agree why or why not

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