Inventory Manager Question: Download Questions PDF
Explain me how To Determine The Frequency For Ordering And Inventory Production If It's Not Set Solely By Factories Or The Supply Organization?
Answer:
Ideally, there are two factors: companies should consider calculations that minimize the overall cost such as inventory and changeover costs. They also should base frequency on negotiations between the different parties involved and factor in upcoming events such as promotions and uncertainties like bad weather.
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