January 2018
Intermediate to advanced
480 pages
236h 9m
English
book
Operations Management: Processes and Supply Chains, 12th Edition
by Lee J. Krajewski, Manoj K. Malhotra, Larry P. Ritzman
Content preview from Operations Management: Processes and Supply Chains, 12th Edition
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9 Inventory Management
Learning Goals
After reading this chapter, you should be able to:
Identify the advantages, disadvantages, and costs of holding inventory.
Define the different types of inventory and the roles they play in supply chains.
Explain the tactics for reducing inventories in supply chains.
Use ABC analysis to determine the items deserving most attention and tightest inventory control.
Calculate the economic order quantity and apply it to various situations.
Determine the order quantity and reorder point for a continuous review inventory control system.
Determine the review interval and target inventory level for a periodic review inventory control system.
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