Managing Inventory (3-5 pages) APA format w/references
Describe how a firm would establish reordering levels.
Include consumption-based ordering.
Include how firms use inventory turns.
How would the firm establish safety, buffer, and seasonal stock standards?
How do obsolescence and disposition of excess affect the firm’s profitability?
Week 4: Monitoring Supplier Ordering and Lead Times
What approaches are best for collaborating with suppliers concerning their ordering and process lead times?
How would you advise managing supplier performance?
What metrics could a supplier provide to show performance?