Question: Develop a strategic forecasting and inventory plan for a retail company to ensure that stock-outs are minimised and customers are well serviced. The company sells

Develop a strategic forecasting and inventory plan for a retail company to ensure that stock-outs are minimised and customers are well serviced. The company sells fast moving consumer goods to lower income groups. The company turnover is R16 million per month, on average, and there are five staff members in the procurement department.

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