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Hatten (2009) stated, because inventory is such a significant expense, most businesses look carefully for ways to determine the appropriate levels of control for their inventory. Hatten (2009) discusses several inventory control methods 2013 Visual Control, EOQ, ABC Classification, EDI, JIT, and MRP. Which method do you feel would be the best?
A computer-supply mail order house has a memory chip in inventory that it sells to customers around the country. A Japanese manufacturer supplies the item using airfreight. It has
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Complete additional investigation on the JIT and EOQ models. Discuss which of the two inventory models is better and why: Economic Order Quantity or Just-in-Time?
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