Question

In order to obtain ________ lot sizes for production, the order quantity size needs to be _________ and corresponding delivery schedules need to be made more _________.

Answer 1

To obtain optimal lot sizes for production, the order quantity size needs to be determined and delivery schedules need to be made more efficient.

Step-by-step explanation:

In order to obtain optimal lot sizes for production, the order quantity size needs to be determined and corresponding delivery schedules need to be made more efficient. The optimal lot size refers to the quantity of products that should be produced in each production run to minimize costs and meet customer demand. By determining the optimal order quantity and improving delivery schedules, a business can reduce inventory holding costs, minimize stockouts, and improve overall supply chain efficiency.