MAX-MIN or ROP-ROQ - Does it Really Matter Which You Use?

This article covers:

The definitions of Min, Max, ROP, and ROQ
Why the differences are meaningful and important
The pros and cons of using each
Why you need to get this right
Links to further reading

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Pro Level members at SparePartsKnowHow.com can access an extended paper titled, A Practical Method for Determining Spare Parts Holding Levels. As the name suggests this paper details a simple and transparent method for determining the ROP and ROQ and shows you how to do this in three easy steps.
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