- Describe the basis for inventory management.
- Using the Case Exhibit 3, set up a model for minimum and maximum inventory levels for Westa Petroleum Services (WPS). In your opinion, is the algorithm
used for lead time and quantity that Ahmed devised appropriate? What would be the impact on cost of bringing the inventory to the maximum level
immediately? - A) Discuss how inefficient inventory management can create problems for a company.
B) Identify the various inefficiencies in the inventory management process at WPS. Put yourself in Ahmed’s place to devise steps that can help the company
overcome inventory management problems. - Calculate the amount of loss because of the NPT for each rig in 2018.
- What are the disadvantages of job sharing for WPS?…
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