Week 3 Case #5
Using Excel and the data provided in the case, work in your teams to respond to the actions presented:
- Develop a way to estimate the holding, transaction (or fixed), and backorder costs.
- Discuss the relationship between service level and shortage costs. How can this relationships be established quantitatively.
- Develop a system that involves the continuous review approach for the inventory management. Use the example provided.
- Give an overall recommendation and next steps
- Discuss other areas of savings.
- Posted: 4 years ago
- Due: 27/12/2015
- Budget: $60