Topic: Inventory Control

1) As discussed in chapter 9, please describe the function and purpose of the following types of inventories:

• Anticipation
• Fluctuation
• Lot size
• Transportation

Also, explain how inventories influence each of the following in a business concern: a) customer service b) plant operations. 2) In addition, please choose a store where you frequently purchase goods (your favorite grocery store, drug store, etc.) that carriers many different items that are regularly restocked. Explain what type of inventory discussed in chapter 9 they may be using and why. How do you think the type of inventory method(s) they use help them keep their shelves full?