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Suppose that annual demand for a certain item has decreased dramatically this year, although the store that stocks this item has not updated its inventory policy, so the store is still using the same order size and reorder point established for that item when it was selling better in previous years. What will happen to frequency of ordering?

Suppose that annual demand for a certain item has decreased dramatically this year, although the store that stocks this item has not updated its inventory policy, so the store is still using the same order size and reorder point established for that item when it was selling better in previous years. What will happen to frequency of ordering?

Practical Management Science
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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Suppose that annual demand for a certain item has decreased dramatically this year, although the store that stocks this item has not updated its inventory policy, so the store is still using the same order size and reorder point established for that item when it was selling better in previous years. What will happen to frequency of ordering?
Transcribed Image Text:Suppose that annual demand for a certain item has decreased dramatically this year, although the store that stocks this item has not updated its inventory policy, so the store is still using the same order size and reorder point established for that item when it was selling better in previous years. What will happen to frequency of ordering?
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