Perform inventory calculations to minimize costs as would a logistics manager for a given company. Using algebraic reasoning and appropriate units, determine the economic order quantity (EOQ) and reorder point (ROP) for a given product. Research forecasting models for the specified product and understand how companies predict EOQ and ROP using logistics management.
Standard detail
6
Depth 1Parent ID: 1B35E2984AB1451CB5B04035FC32274DStandard set: Supply Chain Management I
Original statement
Quick facts
- Statement code
- 6
- List ID
- 6
- Standard ID
- 9D1BA986AB2947318752954CCD0316E0
- Subject
- CTE (2020-)
- Grades
- 10, 12, 11
- Ancestor IDs
- 1B35E2984AB1451CB5B04035FC32274D
- Source document
- Supply Chain Management I
- License
- CC BY 4.0 US