Q1. Explain the three inventory control models and the driving factor in each model. Provide examples for each one using current companies.
Q2. Once in a while, organizations are publicly criticized for their unethical operations. One of the recent incidents is Volkswagen scandal. Please think of an example and answer to the following questions.
1. What was the issue (in ethical point of view)?
2. What were the implications?
3. What is your faith-based recommendation(s)?
Q3. Using one of the companies from DQ 1 (Nike), describe how inventory planning and accuracy can be defined using the Pareto principle.
Q4. The nice thing about inventory models is that you can pull one off the shelf and apply it so long as your cost estimates are accurate." Comment.
"MRP just prepares shopping lists. It does not do the shopping or cook the dinner." Comment.