You must answer ALL the questions. (Total 100 marks) Question 1 (a) The manager of NTUC Fairprice at Bukit Timah Plaza, Mr Lim, found out that the demand for Milo tetra packs has been declining over the last few months. So, he decided to reduce the order quantity for the drinks from its manufacturer Nestle. Explain how various inventory-related costs will change if the order size decreases. (9 marks) The supermarket is planning to carry a newly introduced drink from another manufacturer along with the existing product Milo. Which product do you think the supermarket should hold more safety inventory? Why? (4 marks) As a supermarket manager, how would you go about evalua
LOG203 Timed Online Assignment – July Semester 2020 Inventory Management Monday, 16 November 2020 1:00 pm – 3:30 pm Time allowed: 2.5 hours INSTRUCTIONS TO STUDENTS: This Timed Online Assignment (TOA) contains FOUR (4) questions and comprises EIGHT (8) pages (including cover page, Appendix A and B). You must answer ALL questions. If you have … Read more