The fixed-order quantity inventory model is more appropriate for important items such as critical repair parts because there is closer monitoring and therefore quicker response to a potential stockout. a) trueb) false

The correct answer is True.

Explanation:

The Wilson model is one of the first attempts to streamline inventory management. It was first developed by F.W. Harris in the early years of the 20th century. It is an assumption designed for companies that supply themselves through orders whose price is set regardless of the quantity transported.

Therefore, to calculate the ideal lot, the optimal order that minimizes costs, two opposing factors must be taken into account:

Following the above reasoning:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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