Assignment - Parker Hi-Fi systems
Review the case study on Parker Hi-Fi Systems and prepare a comprehensive case summary.
Your case summary must include each of the below requirements:
· Summarize the relevant background information from the case.
· Identify the business problem or challenge that the organization faces.
· Comment on the appropriateness of the actions taken by the organization.
· Provide at least two recommendations that would improve efficiencies.
· Answer the discussion questions at the end of the case in the text.
MICROSOFT WORD, APA FORMAT, SCHOLARLY REVIEWED CITATIONS
And,Response to the following Discussion Questions:
1. What is the optimal order number of LCDs that should be placed in each order?
2. What is the optimal reorder point I ROP) for LCDs'?
3. What cost savings will Parker realize if it implements an order plan based on EOQ?