Describe the two types of ordering policies and the impact that each of them has on safety inventory.
Answer to relevant QuestionsWhat is the impact of supply uncertainty on safety inventory? Consider two products with the same cost but different margins. Which product should have a higher level of product availability? Why? What modes of transportation are best suited for large, low-value shipments? Why? What factors lead Wal-Mart to own its trucks although many retailers outsource all their transportation? What revenue management opportunities are available to a manufacturer? How can it take advantage of these opportunities?
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