Single Period Inventory Model Notes: Definitions & Explanations PDF | Download eBooks

Study Single Period Inventory Model lecture notes PDF with supply chain management definitions and explanation to study “What is Single-Period Inventory Model?”. Study single period inventory model explanation with SCM terms to review supply chain management course for online MBA programs.

Single Period Inventory Model Notes:

A solitary period stock model is a business situation looked by organizations that request occasional or one-time things. There is just one opportunity to get the amount right when requesting, as the item has no an incentive after the time it is required. There are expenses to both requesting excessively or excessively little, and the organization's administrators must attempt to get the request right the first run through to limit the opportunity of misfortune. Stocking a lot of an occasional thing can prompt huge misfortunes for a business. On account of Christmas cards, for instance, deals go to zero on the day after Christmas. The organization has the decision of devastating the rest of the stock, selling some at immense limits or putting away them until next Christmas. The last alternative may spare the expense of the stock, however will cost the organization in stockroom and capacity charges. Stock that is dated, for example, magazines or illustrious wedding memorabilia, may have no market after the date.

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