Question: Answer the following questions using concise statements, figures and equations if necessary? What are independent and dependent demands What are the inventory types? What s

Answer the following questions using concise statements, figures and equations if necessary?

  • What are independent and dependent demands
  • What are the inventory types?
  • What s Lead time, Reorder point (level) and Stock Cycle? Explain the seterms on a graph.
  • Whats safety stock? Whatre the adavanteges of safety stock?

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