Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 4: Q13PE. (page 585)

Ordering exactly what is needed each period without regard to economic considerations.

Short Answer

Expert verified

Lot-for-Lot ordering.

Step by step solution

01

 Lot-for-Lot  ordering

Lot for Lotis the interaction where the quantity of merchandise requested for the creation and the gross need happen for a given period. These strategies are normally utilized for expensive products whose request is nonstop.

02

Step 2: Ordering exactly what is needed each period without regard to economic considerations

Lot for-Lot (L4L) is otherwise called discrete request amount. It is a regularly involved method for arranging orders.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

This identifies the specific materials used to make each item and the correct quantities of each.

Question: Let’s say you work for a company that makes prepared breakfast cereals like corn flakes. Your company is planning to introduce a new hot breakfast product made from whole grains that would require some minimal preparation by the consumer. This would be a completely new product for the company. How would you propose forecasting initial demand for this product?

If an item is used in two places in a bill-of-materials, say level 3 and level 4, what low-level code would be assigned to the item?

Question: A metric that measures the percentage of orders shipped according to schedule.

If the tracking signal for your forecast was consistently positive, you could then say this about your forecasting technique?
See all solutions

Recommended explanations on Business Studies Textbooks

Managers

Read Explanation

Corporate Finance

Read Explanation

Financial Performance

Read Explanation

Business Case Studies

Read Explanation

Business Development

Read Explanation

Change Management

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free