JIT / EOQ / ROP Interrelationships. From the end of Chapter 14, answer Discussion Question 6: The just-in-time( JIT) movement has long argued that firms should
a. Maximize their process flexibility so that ordering costs are minimal; b. Stabilize demand levels; c. Shrink lead times as much as possible; and
d. Assign much higher holding costs to inventory than has traditionally been the case.
Using the economic order quantity( EOQ) and reorder point( ROP) formulas, explain how such efforts would be consistent with JIT’ s push for lower inventory levels. Respond to at least two of your classmates’ postings
------------------------------------------------------------------------------------- BUS 307 Week 4 Quiz( Ash)
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BUS 307 Week 4 Quiz 1. Sales and operations planning indicates how the organization will use its tactical capacity resources to meet expected customer demand. 2. Available to promise inventory is always zero for the first week in the master schedule record. 3. A company that orders at their economic order quantity has an annual ordering cost that is half of their total cost. 4. Sales and operations planning must consider: 5. Last month a firm made 100 model A ' s using all of their available labor. If