The JIT movement has long argued that rms should: a. Maximize their process exibility so that ordering
Question:
a. Maximize their process flexibility so that ordering costs are minimized;
b. Stabilize demand levels;
c. Shrink lead times as much as possible; and
d. Assign much higher holding costs to inventory than has traditionally been the case.
Using the EOQ and ROP formulas, explain how such efforts would be consistent with JIT's push for lower inventory levels.
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Lowering the ordering costs would result in a lower EOQ Stabiliz...View the full answer
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Related Book For
Introduction to Operations and Supply Chain Management
ISBN: 978-0132747325
3rd edition
Authors: Cecil B. Bozarth, Robert B. Handfield
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