Based on your Learning Team’s earlier work, your department’s forecasting recommendation has made vast improvements to the Hangzhou, China on-time deliveries. However, the company president has concerns the resin inventory

Based on your Learning Team’s earlier work, your department’s forecasting recommendation has made vast improvements to the Hangzhou, China on-time deliveries. However, the company president has concerns the resin inventory levels are not ordered in the most optimal quantities. The purchasing department needs your team’s on when and how much to order. a 200-word paper defining inventory management and how inventory relates to costs. Conclude with a recommendation to use an inventory ordering strategy keeping in mind the certainty or uncertainty of the customer demand at the Hangzhou, China location. inventory management and differentiate between carrying, ordering, and stock-out costs. Purchase the answer to view it

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