A particular inventory control manager places orders for very expensive items. A report filed by an outside
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A particular inventory control manager places orders for very expensive items. A report filed by an outside consultant included the following quotes. Comment on each.
a. “He tried to order only enough items to meet actual sales for the 1-month period, one lead time period ahead.” Comment in particular the choice of a 1-month period.
b. “To meet unexpected demand he usually ordered 10%–20% more than the number of units he was able to identify through purchase orders or commitments.” LOP52
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Inventory And Production Management In Supply Chains
ISBN: 9781032179322
4th Edition
Authors: Edward A Silver, David F Pyke, Douglas J Thomas
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