You will review the different inventory models. Discuss when you would use EOQ versus Reorder Point versus Periodic Review. Provide an example of each one. How does each one manage the prevention of a stock out? How does safety stock affect each model?
Task 1: Your response to the exercise questions should be a minimum of 250 words. Going over the minimum word length requirement is acceptable; however, I am not looking for 1000+ words! It is suggested that you use MS Word or another word processing application that can check spelling/grammar and can show the word count.
Wisner, J.D., Tan, K., & Leong, G.K. (2018). Principles of supply chain management: A balanced approach (5th ed.). Boston, MA: Cengage Learning.
For more information on Principles of Supply Chain Management read this: https://en.wikipedia.org/wiki/Supply_chain_management
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