Subject category:
Production and Operations Management
Originally published in:
2017
Revision date: 13-Sep-2017
Length: 3 pages
Data source: Generalised experience
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Abstract
The case 'Inventory Control at a Cosmetic Store' introduces the several key concepts of inventory management. The case can be used to understand the typical of most introductory basic models of Inventory Management. Amarjeet is the sole proprietor of Lucky Fashion Store, he is a facing few problems related to inventory management of one of his most selling product. This case covers the basic concepts of Inventory Management. The students have to work on three models ie Economic Order Model, Discount Model and Shortage. Then, they have to derive the optimal inventory policy for the store. This case also discusses how the changing business environment affects complete inventory planning.
Location:
Industry:
Subject category:
Production and Operations Management
Originally published in:
2017
Length: 7 pages
Data source: Generalised experience
About
Abstract
The case 'Inventory Control at a Cosmetic Store' introduces the several key concepts of inventory management. The case can be used to understand the typical of most introductory basic models of Inventory Management. Amarjeet is the sole proprietor of Lucky Fashion Store, he is a facing few problems related to inventory management of one of his most selling product. This case covers the basic concepts of Inventory Management. The students have to work on three models ie Economic Order Model, Discount Model and Shortage. Then, they have to derive the optimal inventory policy for the store. This case also discusses how the changing business environment affects complete inventory planning.
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Location:
Industry:
Related
Subject category:
Production and Operations Management
Originally published in:
2017
Length: 7 pages
Data source: Generalised experience