Capital cost is also called interest or opportunity cost.
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Q3: Inventory plays a dual role in organizations.
Q4: In comparison with the basic EOQ approach,
Q5: Purchase economies and transportation economies are not
Q6: MRPII will not allow an organization to
Q9: Batching economies or cycle stocks usually arise
Q15: ABC analysis uses a single criterion to
Q15: Storage space costs are not variable.
Q16: JIT, MRP, and MRP II all incorporate
Q17: Inventory management is not as important as
Q19: JIT was developed in the U.S. and
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