Inventory management methods

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We started the term looking at inventory management methods (Min/max, order point, etc). We then turned to forecasting, just-in-time and other techniques. We looked at perishable and seasonal inventory and the peculiar requirements of those and last week we looked at some companies.

You have just been appointed the inventory manager for your company (it's OK to use a hypothetical company here). The boss says you can do whatever you want, he doesn't care how you manage the inventory as long as you don't run out, don't disappoint customers and don't bankrupt him.

What do you do....and why?

Reference no: EM132744272

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