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Inventory Holding Cost, Continuous Review System, and Two-bin System: Chapter 5: Inventory Management: Ritzman, L. P., Krajewsk, L. I., Malhotra, M. K., & Klassen, R. D. (2013). Foundations of operations management (3rd Canadian ed.).

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Title: Reflection: Inventory Holding Cost, Continuous Review System, and Two-bin System

Contents

1. Identifies and reflects on three interesting points from in “Chapter 5: Inventory Management“ of the text below. The first point is about inventory holding cost. The second is about continuous review (Q) system, while the third is about a two-bin system.

Ritzman, L. P., Krajewsk, L. I., Malhotra, M. K., & Klassen, R. D. (2013). Foundations of operations management (3rd Canadian ed.). North York, ON: Pearson Canada.

2. Author creates and answers the below questions

a. What are some of the weaknesses of item fill rate?

b. Can the theory of constraints be applied in the service industry?

c. What are the characteristics of internal and external economies of scales?

Word count: 811 (2.7 pages)


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