JIT/EOQ/ROP Interrelationships

JIT/EOQ/ROP Interrelationships

From the end of Chapter 11, 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.

Do You Need A Similar Assignment?

Place an order with us. Our skilled and experienced writers will deliver a custom paper which is not plagiarized within the deadline which you will specify.

Note; 6 Hours urgent orders deliver also available.

If you need more clarifications contact our support staff via the live chat for immediate response.

 

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total: