(Answered) Part -1 1 describe the four basic types of inventory2 why

Management Studies

Part -1:

1. Describe the four basic types of inventory.

2. Why is it important to conduct cycle counting?

3. What is the purpose of the EOQ and the ROP? How can they be used together?

4. How is the quantity discount model related to the EOQ model?

Part -2:

1. Explain why lean production and Six Sigma are so important to successful supply chain management.

2. What person or people at Toyota is (are) most responsible for the development of the JIT concept?

3. What are manufacturing cells, and why are they important to lean production?

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