Question: Select the most suitable inventory management system for a specific company Part 1: Inventory; does it add value or carry risk? Discuss in relation to

Select the most suitable inventory management system for a specific company
  • Part 1: Inventory; does it add value or carry risk? Discuss in relation to supply chain management.
  • Part 2: Compare and contrast the strengths and weaknesses of the three types of inventory management systems. Recommend which would be best for an automotive supply company that manufactures small to medium size metal parts such as shocks, struts, control arms, bushings etc. The company is geographically dispersed with 25 different operating locations nationwide.

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