David owns a jewelry business that makes earrings, among other products. The specific type of earrings they make varies a lot over the course of the year. However, all of their earrings use the same standardized posts, which are hypoallergenic. David routinely makes orders to the manufacturer for the earring posts and stores them in the work area until they are used. Each time he places an order, he has to pay shipping for the package and he loses out on valuable work time. What inventory model would you recommend David use for the earring posts?

David owns a jewelry business that makes earrings, among other products. The specific type of earrings they make varies a lot over the course of the year. However, all of their earrings use the same standardized posts, which are hypoallergenic. David routinely makes orders to the manufacturer for the earring posts and stores them in the work area until they are used. Each time he places an order, he has to pay shipping for the package and he loses out on valuable work time. What inventory model would you recommend David use for the earring posts?

EOQ

MRP

ABC

Single Period