Question: QUESTION 1 Inventory management involves the planning and controlling of inventories to meet the competitive priorities of the organization. Describe FIVE (5) advantages of holding

QUESTION 1

Inventory management involves the planning and controlling of inventories to meet the competitive priorities of the organization. Describe FIVE (5) advantages of holding inventory for organizations.

QUESTION 2

Companies must identify the factors that influence future demand and then ascertain the relationship between these factors and future demand. With examples, evaluate FIVE (5) factors affecting customer demand life cycle.

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