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MENG 445 Production and Inventory Control: Introductio N
MENG 445 Production and Inventory Control: Introductio N
MENG 445 Production and Inventory Control: Introductio N
Inventory
Inventory Vendors
management
Low High
Costs Sales
Throughput
WIP
Cycle time
Service quality
Profit
• Methods:
– Sequencing:
• Gives order of releases but not times.
– Scheduling:
• Gives detailed release times.