06 Jun ISCOM 305 Week 3 Taylor Incorporated Inventory Management Challenge
Create a PowerPoint® presentation with 8 to 10 content slides (and speaker notes) about inventory to present to the president of Taylor Inc. Complete the elements of inventory management and the EOQ components of the presentation. Address the following requirements:
a. Describe elements of inventory management.
b. Describe the meaning of the category of inventory and explain why it is critical to manage each element.
c. Explain why accurate forecasting is so important to sales enhancement, customer satisfaction, and cost control.
d. Calculate the number of units to purchase for the new distance measurement device based on the economic order quantity.
e. Calculate the number of orders per year that must be made to take advantage of the economic order quantity.
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