Inventory Management Methods
Please clearly label each response in your
- Do you think it is possible to use the methods described in the course to manage inventory using only manual processes?
- Do you think any one of the methods described this week (order point, EOQ, min/max, etc) offer better control than the others? Do any of these methods offer a process that will meet customer demand reliably?
- Do you work with inventory? If so (and remember, we are all consumers, so to a degree we all work with inventory), please use an example from your own experience to illustrate how inventory management affected your experience.