Qrs would like to implement an inventory control system, Ask an Expert

Management Studies

QRS would like to implement an inventory control system where they check inventory of stretch-wrap rolls every “ x” number of weeks and place an order with the manufacturer. Which of the following would be the most suitable number of weeks for the time between orders (rounded to the nearest week), so the total of annual holding and ordering costs is minimized?

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Operation Management, Management Studies

Category:- Operation Management
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