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The Farmingham Company faces very uncertain demand. A simple way of altering its EOQ-based inventory system to account for the uncertainty is to add
The Farmingham Company faces very uncertain demand. A simple way of altering its EOQ-based inventory system to account for the uncertainty is to add safety stock decrease the size of every single order slow production whenever sales trends change increase the size of every single order QUESTION 10 An automobile manufacturer has decided to outsource windshields instead of making them itself. Using an outside supplier under the just-in-time approach will have what immediate effect on the manufacturer's inventory management? a. reduce finished goods inventories O b. increase raw material inventories c. reduce work in process inventories d. both a and b
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