ISCOM 305 Week 2 DQs
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ISCOM 305 Week 2 DQs
Discussion Questions
Describe inventory and provide some examples. How does inventory affect a firms financial performance?
What are the different types of inventories maintained by a typical business entity? What is the significance of inventory regarding customer service levels? What are some of your experiences with inventories from the customer service perspective? How would you improve those inventories?
What is the Economic Order Quantity technique and what are the basic assumptions the model formula follows? What are some different companies that could benefit from using this type of inventory management and why?
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