Question: 4.1 Study the graph below, and answer the question that follows: Graph 1: Inventory control chart indicating safety stock or inventory Required: Discuss the relationship

4.1 Study the graph below, and answer the question that follows:

Graph 1: Inventory control chart indicating safety stock or inventory

Required: Discuss the relationship between Safety Stock and Stock Control Inventory Management in your own words. (7 marks)

4.2 List four (4) reasons why businesses hold safety stock. (4 marks)

4.3 You decided to attend a TEDx conference based in Moscow, Russia. The conference aims to focus on minimising the effects of the cost of a lost sale. List two (2) methods which can be used to calculate the cost of a lost sale. (2 marks)

Graph 1: Inventory control chart indicating safety stock or inventory

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