Models

Inventory Control Models



Answer the following questions:

1.  Discuss the importance of inventory control with respect to supply and demand.

2.  What benefit can tools such as ABC analysis and just-in-time controls provide for an organization?

3.  How can an enterprise resource planning system assist a firm with improving its business operations? 



Render, B., Stair, R.M., Jr., & Hanna, M.E. (2011). Quantitative Analysis for Management (11th edition). Upper Saddle River, NJ: Pearson Prentice Hall. 9780132149112

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