What is the difference between independent and dependent demand items? Why is this distinction important to inventory

Question:

What is the difference between independent and dependent demand items? Why is this distinction important to inventory managers?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Supply Chain Management A Logistics Perspective

ISBN: 978-0538479196

9th edition

Authors: John coyle, John Langley, Robert Novack, Brain Gibson

See More Books

Question Posted: Aug 22, 2015 03:31 AM

See More Questions

What is the difference between independent and dependent events?
What is the difference between independent and dependent demand?
What is the difference between independent and dependent demand? Explain the difference with an example.
Write a java program that will find the minimum value and print it to the console for the given array: {72, 101, 108, 108, 111, 32, 101, 118, 101, 114, 121, 111, 110, 101, 33, 32, 76, 111, 111, 107,...
Refer to Exercise 11.57. a. For this exercise, would it make sense to give any physical interpretation to Î²0? b. Consider an alternative model relating weight gain to amount of lysine...
What are six guidelines that an employee can use to evaluate whether his or her actions are ethical? LO4
Many companies use well-known celebrities in their ads, while other companies create their own spokespersons (such as the Maytag repairman). A study in the Journal of Marketing (Fall 1992)...
How does asymmetric information affect the firms capital structure decisions? How do the firms financing actions give investors signals that reflect managements view of stock value?
Entries and Schedules for Unfinished Jobs and Completed Jobs Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January, the...
Write a program that asks the user to enter a word and prints out whether that word contains any vowels.
How does inventory carrying cost for inventory in transit differ from the cost of inventory at rest?
Compare and contrast the fixed quantity version of EOQ with the fixed interval version. In which situations would each be used?
A telephone wire has a current of 20A flowing through it. How long does it take for a charge of 15 C to pass through the wire?
Solve these question in details and fully explaination. It is the pre-lab working for Capacitors. Thanks so much in advance. 1: The figure shows a circuit with a charged capacitor (left), two...
Exercise 10-14A (Algo) Straight-line amortization of a bond discount LO 10-4 Diaz Company issued bonds with a $112,000 face value on January 1, Year 1. The bonds had a 8 percent stated rate of...
1. What would we have to plot on the vertical axis? EXPLAIN YOUR ANSWER OR NO CREDIT. [Hint: Solve for k first.] F= Kx kx dala you Experi determine the K= K = F Cart SHOW ALL WORK OR NO CREDITI 2....
You are interested in computing the heat transfer properties of a new insulation system shown here. Tair Air Layer 1 Layer 2 T P
16.3 The demand function for replicas for the Statue of Liberty is given by f(p): = 500 - 2p, where f(p) is the number of statues that can be sold for p dollars. (a) What is the relative rate of...
A woman is not able to focus on objects that are closer to her eyes than $400 \mathrm{~mm}$ unless she wears eyeglasses. Her glasses enable her to clearly see objects at the near point of an...
Rewrite the code of Figure 7.3 in Ada, Java, or C#. Figure 7.3: template class queue { item items [max_items]; int next_free, next_full, num_items; public: queue () : next_free (0), next_full(0),...
A statically-balanced system is shown in the given Fig.29. Two equal weights $W$, each with an eccentricity, ' $e$ ' are placed on opposite sides of the axis in the same axial plane. The axial...
Describe several global logistics intermediaries. Could they also be considered 3PLs?
What are foreign trade zones? What benefits do they provide?
How has NAFTA affected trade among the U.S., Canada and Mexico? Is NAFTA good for domestic U.S. and Mexican producers?
A first-time shareholder has approached you requesting some advice. The shareholder has received the company's annual report and noticed the following statement in the summary of significant...
View Policies Current Attempt in Progress REI sells snowboards. Assume the following information relates to REI's purchases of snowboards during September. During the same month, 1 0 2 snowboards...
*Please explain how you got the answers* The following costs result from the production and sale of 1,000 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum...

What is the difference between independent and dependent demand items? Why is this distinction important to inventory

Question:

Step by Step Answer:

Demand for a given inventory item is termed independent when such demand is unrelated to the demand ...View the full answer

Supply Chain Management A Logistics Perspective

Students also viewed these Management Leadership questions