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a. Maximize their process flexibility so that ordering costs are minimal;
b. Stabilize demand levels;
c. Shrink lead times as much as possible; and
d. Assign much higher holding costs to inventory than has traditionally been the case. Using the economic order quantity (EOQ) and reorder point (ROP) formulas, explain how such efforts would be consistent with JIT's push for lower inventory levels. Respond to at least two of your classmates' postings.
Describe the historical background of the development of the model or framework.
Explain three benefits of inventory control. Define what is meant by the optimal ordering quantity.
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Kuznicki made a contract for the installation of a fire detection system by Security Safety Corp. for $498. The contract was made one night and canceled at 9:00 the next morning.
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