Learning Objectives Make needed adjustments to the basic EOQ approach to respond to several special types of applications. Chapter 7 Management of Business Logistics, 7th Ed.Ĥ Management of Business Logistics, 7th Ed. Recognize the contemporary interest in and relevance of time-based approaches to inventory management. Know how inventory will vary as the number of stocking points decreases or increases. Learning Objectives Realize how variability in demand and order cycle length affects inventory decision making. Chapter 7 Management of Business Logistics, 7th Ed.ģ Management of Business Logistics, 7th Ed. Understand alternative approaches to managing inventory - JIT, MRP, and DRP. Appreciate the rationale and logic behind the Economic Order Quantity (EOQ) approach to inventory decision making, and be able to solve some problems of a relatively straightforward nature.
Learning Objectives - After reading this chapter, you should be able to do the following: Understand the fundamental differences among approaches to managing inventory.
2 Management of Business Logistics, 7th Ed.
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