Question: A company wants to decrease the amount of inventory it holds and reduce costs without affecting its service level (a) Describe what needs to be

A company wants to decrease the amount of
A company wants to decrease the amount of inventory it holds and reduce costs without affecting its service level (a) Describe what needs to be done to reduce its cycle stock Explain why/ how the actions you suggest lead to lower cycle stock while maintaining service level. (b) Describe what needs to be done to reduce its safety stock. Explain why how the actions you suggest lead to lower safety stock while maintaining service level. ( What are cycle stock and safety stock? What are their roles and how are they different

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