2.1 Discussion Assignment - Inventory. 70 Points Total. Initial post (50 pts) due Day 5 (11:59 CT), Replies (20 pts) due Day 7 (11:59 CT) Part 1 Initial Post Due by Day 5 (11:59, CT) of Week 2 (50 pts) Based on your reading for this week, answer one of the questions below: - How might different functional areas of an organization have different inventory management objectives? - How would you meet management's challenge of balancing inventory? What tools and/or theoretical formulas would you utilize? Explain why. - How do you differentiate cycle, safety, pipeline, and speculative inventory? Why do we need to do so? - What is inventory carrying cost? Explain the primary components. - What is the tradeoff between inventory ordering and carrying cost? - What are stock-out costs? How should you calculate the cost? Summarize your thoughts in a Word document. Your answer should be at least 500 words in length