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The Lean Anthology
book

The Lean Anthology

by Rebecca Goldberg, Elliott N. Weiss
November 2014
Beginner to intermediate content levelBeginner to intermediate
248 pages
6h 24m
English
Productivity Press
Content preview from The Lean Anthology
150 THE LEAN ANTHOLOGY
chosen to allow for regular usage plus some safety stock. The safety
stock should account for surges in demand as well as the length and
variability of the lead time required to receive the new order.
The amount to order depends on a few factors. Sometimes, this amount
is determined by past practice or by judgment. It can also be calculated
using a formula that helps determine what is called the economic order
quantity, or EOQ. We discuss the EOQ in greater detail in “Peter Goes
Shopping” in Chapter14. It is a fixed amount that typically does not
change, except perhaps after an annual review. The new order arrives
after ...
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Publisher Resources

ISBN: 9781482246797