MGMT 420 Module 6 Review Questions

1)  List some products in your personal or family “inventory.” How do you manage them? (For instance, do you constantly run to the store for milk? Do you throw out a lot of milk because of spoilage?) How might the ideas in Chapter 12 change your way of managing these SKUs?

2)  Identify a goods-producing or service-providing organization and discuss how it might make aggregate planning decisions using the variables described in Exhibit 13.3 (p. 283).

3)  Provide an argument for or against adopting a chase strategy for a major airline call center.

“A chase demand strategy sets the production rate equal to the demand in each time period” (Collier& Evans, 2013, pg. 285).