Submit your responses to the questions below (taken from the textbook’s questions for discussion and review). Chapter 8: Question 3 – Distinguish among cycle, safety, pipeline, and speculative stock. Question 5 – What are ordering costs and what is the trade-off between inventory carrying costs and ordering costs?Question 7 – Distinguish between a fixed order quantity and fixed order interval system. Which one generally requires more safety stock? Why?Question 8 – Explain the logic of the EOQ model. Question 12 – Define what is meant by dead inventory. What are several ways to manage it?Question 15 – What are substitute items and how might they affect safety stock policies?Question 18 – Why should organizations carefully consider potential trade-offs before adopting a lean philosophy?Chapter 10: Question 1 – Why does warehousing exist in a supply chain?Question 2 – Explain the four ways that warehousing facilitates the regrouping function. Question 5 – What are the advantages and disadvantages of private warehousing. Question 6 – Discuss why contract warehousing is a preferred alternative for many organizations. Question 7 – How does multiclient warehousing mix attributes of public and contract warehousing?Question 11 – Discuss the trade-offs associated with order-picking versus stock-replenishing functions. Question 14 – What are some potential nonstorage space needs that might impact warehousing design?Question 19 – Discuss how warehousing security can be enhanced by focusing on people, facilities, and processes.
Originally posted 2018-07-20 14:53:17. Republished by Blog Post Promoter