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How important is lot sizing? How should managers choose an Appropriate lot size? Should it be...

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General Management

How important is lot sizing? How should managers choose anAppropriate lot size? Should it be chosen strictly on economicbasis, or should intangible factors be considered.

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AnswerLot sizing refers to the number of items ordered on a specific date for manufacturing or distribution Lot sizing is very important as it helps to identify the perfect lot size or number of items For example MR X has a manufacturing company and wants to implement a Material Requirement Planning    See Answer
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