(No in-text ciation needed or coversheet. see journal example)
Based on your readings in this unit, answer the following questions, with explanations (do not simply name concepts and move on):
Among the concepts you have learned, which do you think is most useful to you or your organization?
Which concept(s) caused the most confusion in this unit?
Which concept(s) did you wish went into further detail, either because you are interested or because it’s too complex for the coverage it received?
Chapter 7: “Inventory Management”
This chapter first explains the difference between dependent demand and independent demand items. Then it focuses on the independent demand items to describe the basic concepts and tools of inventory management, including the ABC inventory control system, inventory costs, and radio frequency identification. The chapter also discusses the three fundamental deterministic inventory models and the two major types of stochastic inventory models.
Book Reference:
Wisner, J. D., Tan, K., & Leong, G. K. (2018). Principles of Supply Chain Management (5th ed.). Cengage Learning US.
