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MT435 Unit10Journal .docx MT-435

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MT435 Unit10Journal .docx    MT-435                                                                         Unit 10 Journal                                                         MT435: Operations Management  An inventory control system is commonly used by businesses to ensure they have the appropriate amount of supplies for their finished goods to be shipped to customers. It is also referred to as the strategies businesses use to ship raw materials while minimizing their cost of inventory. Having control over inventory levels assist with not having excess inventory. Excess inventory can increase the cost of expenses of a business. The inventory control system keeps the much needed leveled balance between excess inventory and lack of inventory.  Economic order quantity is defined as the determination of satisfied orders (volume and frequency) and how they satisfy the level of demand as well as minimize the cost o

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