Topic 6 Outline

Topic 6 Outline - 11-1 5 Define lead-time and indicate why it is important 6 Briefly define each of these and give examples of each

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
STUDY OUTLINE FOR TOPIC 6 INVENTORY MANAGEMENT 1. How is inventory defined? 2. Name some of the different kinds of inventories manufacturing firms carry. 3. List eight reasons for holding inventories. 1) 2) 3) 4) 5) 6) 7) 8) 4. What is the overall objective of inventory management?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 11-1 5. Define lead-time and indicate why it is important. 6. Briefly define each of these and give examples of each: Holding (carrying) costs Ordering Costs 7. What are the two basic questions in inventory management? 8. What are EOQ models used for? 11-2...
View Full Document

This note was uploaded on 05/19/2011 for the course MGMT 101 taught by Professor Steinberg during the Spring '11 term at Ill. Chicago.

Page1 / 2

Topic 6 Outline - 11-1 5 Define lead-time and indicate why it is important 6 Briefly define each of these and give examples of each

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online