Question: 1. Explain the differences and relationships between the aggregate inventory categories. 2. Using a product that you are familiar with, identify the independent demand item

1. Explain the differences and relationships
1. Explain the differences and relationships between the aggregate inventory categories. 2. Using a product that you are familiar with, identify the independent demand item and the dependent demand items for that product. 3. Discuss the differences between the operational inventories? 4. Discuss when each of the following replenishment strategies are applicable: i. EOQ ii. Reorder point system iii. Periodic review system

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