Principles Of Inventory Management
Principles of Inventory Management
Read Chapter 8, pages 130-147.
In a 3 page paper, please discuss the following:
- Distinguish among cycle, safety, pipeline, and speculative stock.
- Define what is meant by inventory carrying costs, and list its primary
components.
- What are ordering costs, and what is the trade-off between inventory
carrying costs and ordering costs?
- Distinguish between a fixed order quantity and fixed order interval
system. Which one generally requires more safety stock? Why?
- Explain the logic of the EOQ model and the assumptions associated with
the model.
The requirements below must be met for your paper to be accepted and graded:
- Write 825 words (approximately 3 pages) using Microsoft Word in APA
style, see example below.
- Use font size 12 and 1” margins.
- Include cover page and reference page.
- At least 80% of your paper must be original content/writing.
- No more than 20% of your content/information may come from references.
- Use at least three references from outside the course material, one
reference must be from EBSCOhost. Text book, lectures, and other materials
in the course may be used, but are not counted toward the three reference
requirement.
- Cite all reference material (data, dates, graphs, quotes, paraphrased
words, values, etc.) in the paper and list on a reference page in APA style.
References must come from sources such as, scholarly journals found in
EBSCOhost, CNN, online newspapers such as, The Wall Street Journal,
government websites, etc. Sources such as, Wikis, Yahoo Answers, eHow,
blogs, etc. are not acceptable for academic writing.
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