Managing Inventory (3-5 pages) APA format w/references

Managing Inventory
- Describe how a firm would establish reordering levels.
  - Include consumption-based ordering.
  - Include how firms use inventory turns.
- How would the firm establish safety, buffer, and seasonal stock standards?
- How do obsolescence and disposition of excess affect the firm’s profitability?
Week 4: Monitoring Supplier Ordering and Lead Times
- What approaches are best for collaborating with suppliers concerning their ordering and process lead times?
- How would you advise managing supplier performance?
- What metrics could a supplier provide to show performance?