Ch 12 Inventory Management Pt 1 Fall 2021

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This is the lecture on Inventory Management Part 1 for Meiji students MBA programme. It presents the importance of inventory, the functions of inventory, and the types of inventory. It then explains the need to classify inventory using ABC analysis. Finally, the Economic Order Quantity Inventory Model for Independent demand is explained with reorder point and the time between order calculations.
Category
Management
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