Distinguish between a fixed order quantity


  • Distinguish between possession, form, time, and place utility.

 

  • Why do contemporary supply chains need to be fast and agile?
  • Discuss some of the ways that inventory can be reduced in the supply chain.
  • Distinguish between a fixed order quantity and fixed order interval system. Which one generally requires more safety stock? Why?
  • What are implications of the JIT approach for supply chain management?

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