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Managing Inventory Describe how a firm would establish reordering levels. Include consumption-based ordering.

 

  • 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? 
  • 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?

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