Determine the optimal order quantity and reorder point

Assignment Help Management Theories

Reference no: EM133686686

Question: Inventory optimization involves finding the optimal inventory levels and policies for our products that minimize the total inventory costs and maximize customer satisfaction. It helps us determine the optimal order quantity, reorder point, service level, and safety stock for each type of jewelry. These techniques have helped us improve inventory management and enhance operational performance and competitiveness.

Reference no: EM133686686

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