1. What does inventory management mean?
2. What is the difference between continuous and period inventory systems? Which one is better?
3. What is a inventory model? Name some of the inventory models we discusses. What arethe benefits and shortcomings of these models? Do you think it is helpful/interesting to study them?
4. How quantity discountEOQ model is different from EOQ model?
5. What is ROP? What is safety stock?

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1 Inventory management refers to the process of overseeing and controlling the flow of goods or materials within a business It involves balancing the ... View the full answer