INVENTORY MANAGEMENT & PROCUREMENT Product Family Includes: BLENDING How to mix components to manufacture products to composition specifications at the lowest possible cost (e.g., orange juice formulation, steel blending, and electronic parts procurement)? BID SELECTION What selection of bids meets procurement requirements & vendor conditions at minimum cost (e.g., what to buy from vendors with unique terms and overlapping quotes to meet requirements at the lowest cost)? INVENTORY MANAGEMENT How to meet inventory requirements at one or more locations (e.g., what purchasing and manufacturing decisions meet warehouse inventory requirements and constraints)? PROCUREMENT What selection of bids meets procurement requirements & vendor conditions at minimum cost (e.g., what to buy from vendors with unique terms and overlapping quotes to meet requirements at the lowest cost)?
