Assignment: Principles of Inventory Management
In a 3 to 5 pages paper, please discuss the following:
a. Distinguish among cycle, safety, pipeline, and speculative stock.
b. Define what is meant by inventory carrying costs, and list its primary components.
c. What are ordering costs, and what is the trade-off between inventory carrying costs and ordering costs?
d. Distinguish between a fixed order quantity and fixed order interval system. Which one generally requires more safety stock? Why?
e. Explain the logic of the EOQ model and the assumptions associated with the model.
Format your assignment according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.