You have been asked to establish an inventory carrying cost percent to supply your firms supply chain

Question:

You have been asked to establish an inventory carrying cost percent to supply your firm’s supply chain planning initiatives. Identify and describe the carrying cost components. Review the various approaches to determine the components and provide the rationale for each. As part of the assignment, you must recommend which approach you would use and why. You should also identify the implications of the decision on supply chain design decisions Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...