How does inventory affect a firm’s financial performance? Explain the importance of inventory, types of inventories, and key decisions and costs.
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How does inventory affect a firm’s financial performance? Explain the importance of inventory, types of inventories, and key decisions and costs.
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- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Describe how the objectives of inventory management canbe measured.Explain how inventory affects product improvement, quality, prices, and the ability to respondquickly to the marketplace.
- Describe how would factors like lead time and lot size impact different types of inventory ?Calculate the parameters of the inventory management system for ongoing analysis and regular review.Identify the two basic decisions addressed by inventory management and discuss why the responses to these deci-
- Explain how different forms of inventory are affected by factors such as lead time and lot size?Identify the two basic decisions addressed by inventorymanagement and discuss why the responses to these decisions differ for continuous and periodic inventory systemsExplain how inventory expenses must be balanced and kept to a minimum through inventory control?