#9 Inventory Management
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BUSN 304 Quiz, I felt productive idk
Last updated 4:54 PM on 3/26/26
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20 Terms
1
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Negative Factors of keeping inventory
cost, becoming obsolete, floor space
2
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Reasons to hold inventory
-Meet Demand & Smooth Operation
-Decoupling of Production Distribution
-Hedge Against Price Increase
-Price Discounts
3
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Supplies
r
4
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Raw Material
r
5
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Work in Process Goods
6
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Finished Goods
7
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Independent Demand
8
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Dependant Demand
9
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Time Factor
10
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Discounting Factor
11
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Uncertainty Factor
12
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Economy Factor
13
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Safety Stock
14
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Stouckout
15
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Service Level
16
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Ordering Cost/Setup Cost
17
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Holding/Carrying Cost
18
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Stockout cost
19
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20
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