Saturday, April 27, 2019

Explain which inventory systems should be used in each situation Assignment

Explain which inventory systems should be used in each emplacement - Assignment Examplea. For the purposes of supplying my kitchen with sweet-flavored food, I would consider the fixed-time period model for my inventory system. This is because fresh food should be of constant supply in my kitchen and ready to use at any accustomed time, hence I would order at certain intervals of time for example every weekend. It is also much convenient due to the different types of fresh food involved.b. Obtaining a daily password paper is unimpeachably more of a one-time purchase, thus i would apply the single-period model for my daily newspaper. This is because I would either engender the evening news paper once in a day or the morning news paper once in a day depending with my preference.c. For the purposes of buying gas for my simple machine i would prefer the fixed-order quantity model since I would like to maintain a presumption quantity of gas in my car at any given time. This quanti ty of gas is only eligible for refill when my car almost runs out of the quantity I purchased earlier so as to reduce my level of stocking out.The concomitant in my list with the highest stock out cost is buying gas for my car. This is because I would only loss to maintain gas quantity in my car to a certain level with a given quantity so that i would monitor it to a level that the stock out risk is coarse enough for me to order a

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