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Invty.MgtOR

Invty.MgtOR

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Published by kevin punzalan

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Published by: kevin punzalan on Feb 19, 2009
Copyright:Attribution Non-commercial

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05/10/2014

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Facts on Inventory Management
INVENTORYMANAGEMENT
 
The senior executives of “AlphaNumerics” were having their annualretreat to review accomplishments ofthe past year and to discuss majorpolicy issues for the coming year. Aswas the norm, the retreat was held at asmall hotel in the mountains ofPennsylvania, well removed from thecompany’s actual manufacturing facility.
INVENTORY MANAGEMENT:A SHORT STORY
 
The first day’s meeting had gone well, but inthe early evening, after dinner, thesubject of inventory control and thenumber of shortages that had occurredover the past year came up for discussion.The Vice-President of engineeringsuggested that, as a solution to theshortage problem, purchasing should orderall of the projected material requirementsa the beginning of the year.
INVENTORY MANAGEMENT 
:
A SHORT STORY

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