A company wants to minimize the cost of manufacture and also be flexible enough to adapt to changing needs. Changes to production schedules can result in the following EXCEPT:

The demand pattern varies from period o period, and which of the following is the reason for this:

With reference to the above example; how much should be produced each period?

On the overage a company has 12week of work-in-process (WIP) inventory and annual cost of goods sold of 36$ million. Assuming the company works 50 weeks per year. If the WIP could be reduced to 5week, and the annual cost of inventory value what would be annual savings?

In order to develop possible solutions, which approach to take to help develop a better method?