Differences between the classic eoq inventory system

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Reference no: EM131069800

1. We must have inventory to operate, but how we obtain those inventories may provide us with several options. Those options and subsequent choices we make may be impacted by several factors as we will read about this week.

TWO part question -

1)  To begin with, what are the differences between the classic EOQ inventory system and JIT?

2) Give an example of when you should choose one over the other and explain why.

2. Class -    When does title change hands? Why would you want to go sooner than later and vice versa? Please explain your answer.

Here is a brief video from Investopedia that reviews the basics of one title term, F.O.B., but there are others as mentioned in your text and there may be other reasons than the one mentioned in the video.

https://www.investopedia.com/video/play/free-board/

150-200 words

Reference no: EM131069800

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Differences between the classic eoq inventory system : 1. We must have inventory to operate, but how we obtain those inventories may provide us with several options. Those options and subsequent choices we make may be impacted by several factors as we will read about this week.
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