Based on our Lessons $-$ Answer the following questions $$ By $$Getting to the point $-$ Using bullet points$,$ This is not an essay.

List how a reduction in lead time can help a supply chain reduce its inventory buffer without hurting customer service. $(4$ marks$)$

List benefits in how using inventory centralization enables contemporary brick & mortar retailers to provide a variety of different products for sale with less inventory than the traditional concept retail stores. $(5$ marks$)$

List $5$ good reasons for holding inventory. $(5$ marks$)$

Explain the concept of replacing inventory by information within an organization $($point form$)(3$ marks$)$

Give one disadvantage to this concept $(1$ mark$)$

Why should a customer be concerned about transit inventory cost, if they pay for the inventory only when the merchandise arrives at their premises? $(2$ marks$)$