Assertion: inventory's cost | /r/HasProperty | minimized
Facets:
Source sentences:
text: The optimization of inventory, where the costs, such as carrying costs and stock-out costs have to be minimized while facing an uncertain future demand.
text: It assumes that there is a trade-off between inventory holding costs and inventory setup costs, and total inventory costs are minimized when both setup costs and holding costs are minimized.
text: When the two costs are equal (holding/carrying costs and ordering/setup costs) the total cost (the sum of the two costs) is minimized.
text: The economic reorder point is the quantity level that triggers new purchases such that the cost per item is minimized.
text: It harps on the concept of right-first-time so that the rework costs and the cost of inspection are minimized.