Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
15th Edition
ISBN: 9780134476315
Author: Chad J. Zutter, Scott B. Smart
Publisher: PEARSON
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Chapter 15.3, Problem 15.9RQ

Briefly describe the following techniques for managing inventory: (1) ABC system, economic order quantity (EOQ) model, (2) just-in-time (JIT) system, and (3) three computerized systems for resource control, MRP, MRP II, and ERP.

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A relational database system contains the following inventory data: part number, description, quantity on-hand, and reorder point. These individual items are called a. attributes. b. relations. c. associations. d. occurrences.
A cost accounting system uses which of the following inventory systems? a.perpetual system b.periodic system c.a hands-on system d.both a periodic and perpetual system
Write out the formula for the total costs of carrying and ordering inventory, and then use theformula to derive the EOQ model.

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Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)

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Inventory management; Author: The Finance Storyteller;https://www.youtube.com/watch?v=DZhHSR4_9B4;License: Standard Youtube License