ASSIGNMENT QUESTIONS:

SECTION $1$:

QUESTION $1$

$[50]$

$(25)$

$1\mathrm{.}1$ In a table format, list and briefly explain the four $(4)$ main functions of inventory and highlighting their benefits to your organisation.

$\backslash$table$[[$Functions of Inventory,Benefits$],[,]]$

$1\mathrm{.}2$ Describe three ordering methods or strategies employed by your organisation to manage inventory based on customer demand. Provide relevant examples to illustrate your explanation.

$1\mathrm{.}3$ Explain the processes and methods utilised in your organisation to control and sustain inventory. Refer to at least three $(3)$ specific methods, providing detailed examples or scenarios to illustrate each method's effectiveness using the following guidelines: Accessibility, warehouse process; obsolescence

$(6)$

$1\mathrm{.}4$ Name five $(5)$ examples of the different types of inventory carrying costs in your plant. Provide a brief explanation of each.

$(5)$