- Managing Inventory
- 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?
- Describe how a firm would establish reordering levels.
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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?
