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Quantity & Inventory (Functions and form of inventories:…
Quantity & Inventory
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Quantity and Delivery 
*Order less, deliver more frequently, order more, deliver less frequently.
Process parallel by eliminating time-consuming and nonvalue-adding actives, by doing steps faster and eliminating delays.
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Time based strategies
Importance in quantity decision are related directly to the flow of materials and services, inventories and related information and decisions.
Competitive advantages accrues to orgs that can:
1) Reduce time taken to perform
2) Coordinate the flow of resources to eliminate waste.
Long lead times:
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Compressed cycle times and coordination of material and information flows, results in:
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Inventory management:
Cost of inventories
Carrying,holding or possession costs
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Variations in delivered costs: Associated with purchasing in quantities or at times when prices or delivery costs are higher than at other quantities or times.
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