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INVENTORY MANAGEMENT (GRADED)

What is inventory management? Is inventory management really any more than just counting what is available in the warehouse and reporting that to operations? It’s a matter of buying more when you are short, and holding what you have for an emergency, right?

INVENTORY MODELS (GRADED)

Choose one of the inventory models (either from the independent demand section or the dependent demand section), and explain why that model works in certain situations and not in others