Important information about Quality Control & Supply Chain Management
Use the library, corporate Web sites, and other online resources to locate a firm that incorporates the fixed order quantity system, fixed order period system, or a hybrid system to its management of inventory.
-Identify the type of inventory system it uses.
-Indicate the type of inventory issues the firm has such as stock out costs, carrying costs, order quantity issues, safety stock, and EOQ issue.
-In your opinion, is its system appropriate for the firm's business?