Explain briefly how a higher carrying cost can result in a decrease in inventory.
Answer to relevant QuestionsDescribe each of these systems: craft production, mass production, and lean production. Why is the degree of customization an important consideration in process planning? What is safety stock, and what is its purpose?Discuss the importance of RFID for supply chain management.In a multiple-channel system, what is the rationale for having customers wait in a single line, as is now being done in many banks and post offices, rather than multiple lines?
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