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January 6, 2022

Should a firm attempt to have fewer or more suppliers? What are the advantages and disadvantages of each approach? -How

Business & Finance /Operations Management

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-Should a firm attempt to have fewer or more suppliers? What are the advantages and disadvantages of each approach?
-How is process selection related to product design and capacity determination?
-Explain how MRP can decrease a company’s inventory while improving its customer service level. Include a real-life example.
-Describe the perpetual and the periodic inventory systems. How are they different? Are there circumstances in which one system is better than the other? Include real-life examples.
-Choose companies or industries for which JIT (Just In Time) would be totally inappropriate? Explain your reasoning with examples.
-Categorize different scheduling procedures for various types of service operations, such as restaurants, hospitals, and airlines.

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