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1. How does an organization decide whether or not to hold inventory? Why are these reasons important?
2. Why is it important for an organization to have alignment between its strategy and structure?
3. Maintaining inventory on shelves and in warehouses can be quite costly. How would you determine the amount of inventory you should have on hand?
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Explain the 8 reasons for waste in the traditional system? What are 5 problems if there is inadequate inventory? Explain 8 improvements of the JIT approach? What is KANBAN, an
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Consider the following Linear Programming Problem: MIN Z= 6x1 + 4x2 Graph an objective function line. What is the optimal solution? What is the optimal objective value?
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