Explain the three inventory control models and the driving factor in each model.
Determine the economic order quantity (EOQ).
September 20, 2019Discuss inventory management and differentiate between carrying, ordering, and stock-out costs.
September 20, 2019Explain the three inventory control models and the driving factor in each model.
Question Description
1. Explain the three inventory control models and the driving factor in each model. Provide examples for each one using current companies.
2. Using one of the companies from DQ 1, describe how inventory planning and accuracy can be defined using the Pareto principle.
3. Refer to the PDF & Excel speadsheet, “Inventory Management,” to complete the “Analytics Exercise: An MRP Explosion -Brunswick Motors,” Answer Questions 1-3.
