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11 Cards in this Set
- Front
- Back
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5 disadvantages of inventory
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costs
-$ tied up in WC -ordering/setup costs -holding/carrying costs -difficult to control -hides production problems |
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5 key invent. concerns in service businesses
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-customer satisfaction
-working capital -obsolescence -perishability -shrinkage |
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4 inventory costs
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holding
ordering setup shortage |
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6 invent. ordering models
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-fixed order-quantity=EPQ, EOQ,...
-fixed order-period=periodic review -lot for lot -min-max system -n periods -single-period |
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6 types of inventory
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raw materials
components work-in progress finished goods distribution inventory Maintenance, repair, operating MRO |
