• November 5th, 2018

Production/Operation

Paper , Order, or Assignment Requirements

Draft written responses to the following text questions. Please be sure to answer the whole question as an essay in a thorough manner. Please provide at least a full page of text

1. Define Inventory and give 5 examples of inventory
2. Give 4 reasons to hold inventory
3. What is the difference between fixed order quantity and fixed order interval in inventory management?
3. Explain briefly what does the 80/20 rule means in inventory management

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