Discuss the below:
Do you think it is possible to use the methods described in the course to manage inventory using only manual processes?
Do you think any one of the methods described week (order point, EOQ, min/max, etc) offer better control than the others? Do any of these methods offer a process that will meet customer demand reliably?
Do you work with inventory? If so (and remember, we are all consumers, so to a degree we all work with inventory), use an example from your own experience to illustrate how inventory management affected your experience.
Youtube video:
EOQ Calculation in 13 min. - How to Calculate Economic Order Quantity Model or EOQ Model
Here is a brief article that might help you in your thinking as well:
How Many SKUs Could A Planner Plan If A Planner Could Plan SKU-Supply Chain