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Syllabus A2. Inventory control
Syllabus A2
Inventory control 2 / 4
a) Discuss the key considerations when developing an inventory ordering and storage policy.
b) Define and explain work in progress.
c) Define economic order quantity (EOQ) .
d) Apply the EOQ model.
e) Discuss the effects of just-in-time on inventory control.
(Note: Economic Batch Quantities, where all items in a batch do not arrive simultaneously, will not be examined)