Consider any organization and respond to the following questions as it relates to inventory. What are the
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Consider any organization and respond to the following questions as it relates to inventory. What are the five functions of inventory? What are the various cost of dealing with inventory? What causes stockouts and what's the implications associated with stockouts? What is the difference between inventory with independent demand and that with dependent demand? What are the various quantitative models for managing inventory? What the purpose for reorder points and safety stock?
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