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Chapter 10 - Inventory Decision Making

Chapter 10 - Inventory Decision Making

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Published by Arman

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Categories:Types, Business/Law
Published by: Arman on Aug 11, 2011
Copyright:Attribution Non-commercial

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04/22/2013

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Chapter 10:
Inventory Decision Making
 
2
L
earning Objectives -
 After reading thischapter, you should be able to do the following:
Understand the fundamental differencesamong approaches to managing inventory.
 Appreciate the rationale and logic behind theEconomic Order Quantity (EOQ) approach toinventory decision making, and be able tosolve some problems of a relativelystraightforward nature.
Understand alternative approaches tomanaging inventory ---JIT, MRP, and DRP.
 
3
L
earning Objectives
Realize how variability in demand and ordercycle length affects inventory decisionmaking.
Know how inventory will vary as the numberof stocking points decreases or increases.
Recognize the contemporary interest in andrelevance of time-based approaches toinventory management.

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