Lisa Fleet, the manager of an automotive repair shop would like to start using an inventory control system to better manage her inventoried repair parts she purchases from vendors. Currently, she relies upon Ralph, her intern, to visually examine parts to see if the level of inventory is getting $$too low.$$ Lisa is open to considering alternative inventory modeling approaches that might help her achieve her objective of better customer service. Which of the following inventory modeling approaches might assist Lisa?

Question $6$Answer

a$.$

ABC analysis

b$.$

All of these inventory modeling approaches would be appropriate for Lisa to consider using

c$.$

single period inventory models

d$.$

fixed order quantity and fixed order period models

e$.$

economic production quantity models