$$Supply$-$chain strategy decisions determine$\_\_\_\_\_\_\_$ activities.

Managing inventory involves the identification of three relevant$$ costs: $\_\_\_\_\_\_\_,\_\_\_\_\_\_\_,$ and$\_\_\_\_\_\_\_.$

One strategy of$\_\_\_\_\_\_\_$ will match to a production decision of$\_\_\_\_\_\_\_$ or$\_\_\_\_\_\_\_$ production. This JIT purchasing strategy will minimize$\_\_\_\_\_\_\_$ of inventory and reduce or eliminate both$\_\_\_\_\_\_\_$ and$\_\_\_\_\_\_\_$ but may increase$\_\_\_\_\_\_\_.$

The goal of the management team is to minimize the overall combination of costs associated with inventory management. Any inventory management model requires careful analysis to identify the$\_\_\_\_\_\_\_,$ the$\_\_\_\_\_\_\_,$ and the$\_\_\_\_\_\_\_.$

The management team requires$$ high$-$quality information in a database of the type found in$\_\_\_\_\_\_\_$ systems. These systems are$$ demand$-$pull systems. Implementing a good$$ demand$-$pull system requires a highly coordinated information flow that supports lean production.

Lean production$($JIT$)$ can eliminate inventory and$$ therefore, $\_\_\_\_\_\_\_$ is appropriate. With no WIP or materials$$ inventories, the need for sequential or$\_\_\_\_\_\_\_$ of costs of production through the inventories is no longer necessary. Instead$\_\_\_\_\_\_\_$ are identified. These include materials purchase and completion of quality finished goods. Costs transfer at only these two trigger points from the Direct Materials to the Finished Goods inventory.