WA Ore Company Mines Iron Ore for Production into Various

question 72

Essay

WA Ore Company mines iron ore for production into various metal products.During recent years,the company has had large fluctuations in its inventories of metal ingots.Much of the volatility of the inventory levels is due to the variability of demand by the company's largest customers.For large orders,the company has the technology to quickly shift production from one product to another.
Required:
Explain how the company can improve its inventory control system and give the advantages of whatever you recommend.
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Definitions:

Free Will

The power or ability to make choices free from certain constraints, suggesting a form of autonomy or self-determination.

Type A Personality

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A steroid hormone released by the adrenal glands in response to stress or low blood glucose; plays a key role in the body's stress response.

Lymphocytes

A type of white blood cell that is part of the immune system, playing a significant role in the body's defense against infections and diseases.