{"id":438,"date":"2018-06-20T14:23:00","date_gmt":"2018-06-20T14:23:00","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/?post_type=chapter&#038;p=438"},"modified":"2018-06-21T19:19:47","modified_gmt":"2018-06-21T19:19:47","slug":"unit-9-learning-outcomes","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/chapter\/unit-9-learning-outcomes\/","title":{"raw":"Unit 9 Learning Outcomes","rendered":"Unit 9 Learning Outcomes"},"content":{"raw":"<div id=\"page\" class=\"container-fluid\">\r\n<div id=\"page-content\" class=\"row-fluid\"><section id=\"region-main\" class=\"span9 pull-right\">\r\n<div role=\"main\">\r\n<h2><\/h2>\r\n<div class=\"box generalbox center clearfix\">\r\n<div class=\"no-overflow\">\r\n\r\nUpon successful completion of this unit, you will be able to:\r\n<ul>\r\n \t<li>explain the impact that the type of demand for goods and services (dependent and independent) has on the inventory management system;<\/li>\r\n \t<li>describe the three general classifications of inventory:\r\n<ul>\r\n \t<li>raw materials,<\/li>\r\n \t<li>work-in-progress (WIP), and<\/li>\r\n \t<li>finished goods;<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li>explain the inventory management models that help plan the timing and volume of inventory orders;<\/li>\r\n \t<li>apply the EOQ Model to calculate inventory order volume; and<\/li>\r\n \t<li>calculate the reorder point to prevent a stock-out from occurring.<\/li>\r\n<\/ul>\r\n&nbsp;\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/section><\/div>\r\n<\/div>","rendered":"<div id=\"page\" class=\"container-fluid\">\n<div id=\"page-content\" class=\"row-fluid\">\n<section id=\"region-main\" class=\"span9 pull-right\">\n<div role=\"main\">\n<h2><\/h2>\n<div class=\"box generalbox center clearfix\">\n<div class=\"no-overflow\">\n<p>Upon successful completion of this unit, you will be able to:<\/p>\n<ul>\n<li>explain the impact that the type of demand for goods and services (dependent and independent) has on the inventory management system;<\/li>\n<li>describe the three general classifications of inventory:\n<ul>\n<li>raw materials,<\/li>\n<li>work-in-progress (WIP), and<\/li>\n<li>finished goods;<\/li>\n<\/ul>\n<\/li>\n<li>explain the inventory management models that help plan the timing and volume of inventory orders;<\/li>\n<li>apply the EOQ Model to calculate inventory order volume; and<\/li>\n<li>calculate the reorder point to prevent a stock-out from occurring.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n","protected":false},"author":53384,"menu_order":2,"template":"","meta":{"_candela_citation":"[]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-438","chapter","type-chapter","status-publish","hentry"],"part":435,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/pressbooks\/v2\/chapters\/438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/wp\/v2\/users\/53384"}],"version-history":[{"count":4,"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/pressbooks\/v2\/chapters\/438\/revisions"}],"predecessor-version":[{"id":719,"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/pressbooks\/v2\/chapters\/438\/revisions\/719"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/pressbooks\/v2\/parts\/435"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/pressbooks\/v2\/chapters\/438\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/wp\/v2\/media?parent=438"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/pressbooks\/v2\/chapter-type?post=438"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/wp\/v2\/contributor?post=438"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-opmanagement\/wp-json\/wp\/v2\/license?post=438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}