Balancing the six sigma objectives


Question 1: Given the data of past demand for surgical and exam gloves, how did you decide on the forecast for each to use in the inventory management planning? How did you take into account that surgical gloves can be substituted for exam gloves but exam gloves cannot be substituted for surgical gloves? How did you take into account the effect of unusual events like the visiting cardiologist and the tornado in a nearby town on demand for each type of glove?

Question 2: How do you balance the Six Sigma objectives of virtually never suffering a stock out on gloves versus the costs to maintain sufficient inventory to guarantee that medical personnel nearly always have the right glove at hand?

Question 3: What is the existing capacity of the organization?


Attachment:- Operations inventory.rar

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Finance Basics: Balancing the six sigma objectives
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