Category Archives: Inventory Systems for Independent Demand

for Independent Demand

for Independent Demand The senior executives of Alpha Numerics were having their annual retreat to review accomplishments of the past year and to discuss major policy issues for the coming year.· As was the norm, the retreat was held at a small hotel in the mountains of eastern Pennsylvania, well removed from the company's actual manufacturing facility. The first day's meeting had gone well, but in the ea

Inventory Systems for Independent Demand

Chapter Objectives • Introduce the different types of inventories that can exist in an organization and provide a rationale for why companies maintain inventories. • Identify the various costs associated with carrying and maintai ninginventories. • Define the classical inventory models and the conditions necessary for them to be applicable. • Show how the economic order quantity IS calculated for each o

Moving Assembly Line

Moving Assembly Line The year 1913 saw the introduction of one of the machine age's greatest technological innovations  the moving assembly line for the manufacture of Ford automobiles. Ford is said to have gotten the idea for an assembly line from observing a Swiss watch manufacturer's use of the technology. Incidentally all Model- T Fords were painted black. Why? Because black paint dried the fastest. Befo