Question: 1 "Vendor Managed Inventory".
a. Name a company that uses vendor managed inventory.
b. Explain how their process works.
c. What are the benefits to the company that provides the service and/or the company that receives the service.
2. , "Black Friday".
a. Think of a retail store around the holidays. What must that company do to have appropriate levels of inventory?
b. Why is this important?
c. What steps did they take, or should they take to manage their inventory during this high volume time frame.
d. Tie your answers to inventory terms that you learned in chapter 15 or so far in this course.
3. "Lead time".
a. Identify a company with short lead time.
b. Why is it important to understand lead time?
c. Identify a company with long lead time.
d. What does the company with long lead time need to do to plan around the long lead time?
e. How might not planning will have an impact on the business with long lead time?