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Author Question: The management at Barks-a-Million is considering a new inventory control system. The current system ... (Read 50 times)

humphriesbr@me.com

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The management at Barks-a-Million is considering a new inventory control system. The current system is inadequate because it frequently causes stockouts that interrupt production and lead to excess stock of other materials — resulting in markdowns and high carrying costs. The new system will focus on ensuring that orders are placed with sufficient lead time to prevent stockouts by using
◦ a just-in-time inventory system.
◦ the economic order quantity.
◦ materials requirements planning.
◦ a reorder point.


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Marked as best answer by humphriesbr@me.com on Apr 8, 2019

chjcharjto14

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humphriesbr@me.com

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Reply 2 on: Apr 8, 2019
Thanks for the timely response, appreciate it


mjenn52

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Reply 3 on: Yesterday
Wow, this really help

 

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