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Ch 12

Operations Management

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12-1 Chapter 12 Inventory Management
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12-2 Inventory Stock of items kept to meet future demand Î multi- stage & multi-echelon Dependent Demand Items – Items used to produce or assemble final products – Tires stored at a plant are an example of a dependent demand item Independent Demand Items – Items used by external customers – Cars, appliances, computers, and houses are examples of independent demand items
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