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yulyashka [42]
3 years ago
6

According to the eTextbook, ______ is the lot size (Q) that will minimize total annual inventory cost.

Business
1 answer:
enot [183]3 years ago
4 0

Answer:

EOQ (Economic Order Quantity).

Explanation:

As the acronym goes EOQ, it is economic order quantity which is seen to reduce or hold the amount of raw material been ordered. This is seen by experts as a formula in production that intels the most optimum and economic purchase pattern in purchase of goods or materials to be used in production. Therefore this will directly be seen to have a big effect in the total size if an order; thereby causing a reduction in its annual inventory cost.

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Answer:

Flexible manufacturing

Explanation:

A flexible manufacturing system (FMS) refers to a manufacturing system that has a certain degree of flexibility to swiftly respond to unpredicted changes in the manufacturing orders and processes. FMS generally result in a increase in labor productivity and machine efficiency, as well as shorter lead times and increased production rate. If well executed, FMS should provide the same benefits as economies of scale but without the large scale production.

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<h3>What is Maslow's Hierarchy of Needs?</h3>

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Learn more about Maslow's Hierarchy of Needs here:

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