What two basic questions must be answered by an inventory control decision rule
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Inventory control decision rules are the basic rules to determine how to maximize the use of inventory with small amounts of resources and capital. The purpose of it is to maximize the profit of the company.
The two basic question that an inventory control decision rule must answer are:
(i) How to time the placement of order?
(ii) How to complete order in time with control of process of production?
The two basic question that an inventory control decision rule must answer are:
(i) How to time the placement of order?
(ii) How to complete order in time with control of process of production?
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3
Explanation:
The purpose of it is to maximize the profit of the company. The two basic question that an inventory control decision rule must answer are:
- (i) How to time the placement of order?
- (ii) How to complete order in time with control of process of production?
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