Supply Chain Management (MGMT 315) EOQ, Reorder Point, and Inventory Practice Problems
Penn State University
Supply Chain Management (MGMT 315) | Practice Problems

Overview
A practice set on inventory control formulas, order timing, safety stock intuition, and service-level tradeoffs.

Key topics
•economic order quantity
•reorder point logic
•safety stock basics
•service level tradeoffs

Suggested study tasks
•calculate EOQ from a small dataset
•build a reorder point with demand and lead time
•compare stockout risk under two service levels

Common pitfalls
•using one formula with inconsistent units
•ignoring lead time variability
•optimizing cost while forgetting availability