2.1: Overview and Guiding Questions
Inventory Management
This section introduces students to inventory management , focusing on optimizing inventory levels.
Consider the following questions as you review the learning materials:
- What is the significance of having the appropriate amount of inventory?
- What types of inventory do organizations typically manage?
- What costs are associated with inventory?
- What does the Reorder Point represent?
- How can you determine the quantity of inventory to order?
- How does EOQ differ from EPQ?