Question: Read Chapter 1 2 pgs . 4 8 7 - 5 2 8 . Watch the attached video, then respond to the following. 1 .

Read Chapter 12 pgs.487-528. Watch the attached video, then respond to the following.
1. Watch the "Inventory Control at Wheeled Coach" video below, read the case on page 527-528, and respond to all three discussion questions at the end of the case on page 528.
2. Describe the four types of inventory.
3. Identify and explain the types of costs that are involved in an inventory system.
4. What is the purpose of the ABC classification system.
5. What are the advantages of cycle counting?
6. What is "safety stock"? What does safety stock provide safety against?
7. How are inventory levels monitored in retail stores?

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