What are the primary inventory control policies, and how do they balance the costs of holding inventory and stockouts? Compare and contrast the Just-In-Time (JIT), Economic Order Quantity (EOQ), and Reorder Point (ROP) inventory control policies.Providereal-world examples of businesses.

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Inventory control policies are essential strategies used by businesses to manage their inventory levels efficiently while balancing the costs of holding inventory and the risk of stockouts Three prima... View the full answer