Question: ) Briefly explain why it is difficult to determine exactly the level of safety stock that should be held in a Q-model inventory system. How

) Briefly explain why it is difficult to

) Briefly explain why it is difficult to determine exactly the level of safety stock that should be held in a Q-model inventory system. How does the k factor percentage approach facilitate the determination of appropriate order points? (6 marks) Define the Pareto principle and explain its relationship to the ABC inventory management tool. (6 marks) Explain how the ABC tool may be applied to inventory analysis. (8 marks)

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