DISCUSSION_5

Please respond to the following:

• Imagine you are a small-business owner, such as a custom framing store, a restaurant, a garage, or a specific small local business of your choice, and apply basic supply management principles to the acquisition of services.
• Discuss the trade-offs of quantity, quality, and cost in a small business such as a custom framing store, a restaurant, a garage, or a specific small local business of your choosing.
• Planning systems such as MRP and CRP might be overkill for a small-business owner. Devise a simplified version of an MRP and/or CRP, such as a supply planning chart or a supply planning template, for a small, local business. A local, small business could be a custom framing store, a restaurant, a garage, or a specific small local business of your choosing.