Inventory Methods Case Study


Case studies are a common business college teaching tool especially amongst prestigious business schools such as Harvard. "When students are presented with a case, they place themselves in the role of the decision-maker as they read through the situation and identify the problem they are faced with. The next step is to perform the necessary analysis-examining the causes, considering alternative courses of actions-to come to a set of recommendations" (President and Fellows of Harvard).

To give you a little taste of a college level business school, this assignment will follow the theme of a case study. However, unlike a Harvard case study, the one you will be reading will be fictional and be in the form of a guided writing. Furthermore, you will have to learn several terms related to inventory systems, which a Harvard MBA candidate would already be expected to know.



First - Open a Word document - save it as inventory methods in your business plan folder.

Using the Inventory Accuracy Glossary list, define and give an example of each of the following inventory terms:

Second - read and understand the following notes about inventory methods: