VII. Inventory control for known demand Flashcards Preview

OPM 301 - Operations Management > VII. Inventory control for known demand > Flashcards

Flashcards in VII. Inventory control for known demand Deck (15)
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1

Why do companies hold demand?

2

Why to hold inventory?

3

Which framework to use for inventory management?

4

What are the metrics of inventory management?

5

What are inventory holding costs?

6

What are shortage costs?

7

What are the inventory management decisions?

8

What is the decoupling point?

9

Where to put the decoupling point in general?

10

Where to put the decoupling point for MTS goods?

11

Where to put the decoupling point for ATO goods?

12

Where to put the decoupling point for MTO goods?

13

What is the key trade-off in choosing the decoupling point?

14

What are key-insights into inventory management for known demand?

15

What is the EOQ Model? Explain it in detail.