Week 4 DQ 2: IT/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 toinventory than has traditionally been the case.

Using the economic order quantity (EOQ) & reorder point (ROP) formulas, explain how such efforts would be consistent with JITs push for lower inventory levels. Just-In-Time (JIT) movement is a philosophy of manufacturing based on planned elimination of all waste & on continuous improvement of productivity.(Bozarth, 2008) Tome, said simpler, JIT is supply chain strategy that...