inventory management

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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  1. Discuss how your current (or previous) job/company could benefit from the implementation of Design Thinking. Specify what challenges it would help address and which tools you would recommend and why.
  2. Assume that you just calculated your EOQ and ROP only to find out that your ROP is greater than your EOQ. Is this possible? Please explain. Any additional insights you can derive or changes you may want to make in your inventory management practices based on this realization?
  3. What are some operational/supply chain benefits that you think Wal-Mart (US) derives from using Every Day Low Price (EDLP)?
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