CHAPTER 17
Inventory Planning and Control
CRITICAL QUESTIONS
After going through this chapter, you will be able to answer the following questions:
- What are the various types of inventory found in an organization?
- What are the costs and decisions related to inventory management?
- How is economic order quantity computed?
- How can one model demand uncertainty and compute appropriate levels of investment to be made in inventory?
- What are the alternative inventory management systems in use in organizations?
- What are the alternative approaches available for selective control of inventories?
- How is inventory planning done in the case of a single-period demand?
Organizations need to spend a considerable amount of money to carry inventory. The cost ...
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