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A Better Inventory Management Strategy Saved This Company $900,000 (and Improved Safety)
Background At Apex Tools (fictional name), a mid-sized supplier of specialized mechanical components, inventory management ...
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Appendix A: Economic Order Points, Reorder Points, and Safety Stock for MRO Inventory
In addition, the MRO inventory management system should also track reasonable estimates of holding costs, ordering costs, and stock out costs. Although this information varies based on the type of ...