Question: Examine the need for inventory in global supply chains and the impact of lead time on a global supply chain. Discuss how a reduction in

Examine the need for inventory in global supply chains and the impact of lead time on a global supply chain.

Discuss how a reduction in lead time can help a supply chain reduce safety inventory without hurting product availability.

research online definitions for inventory holding and carrying costs, optimal lot sizing, and quantity discounts.

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Inventory plays a crucial role in global supply chains as it serves as a buffer between demand and supply uncertainties It ensures that products are a... View full answer

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