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Turorial 4 (3) Five cost that involved in Inventory Management (Human…
Turorial 4
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Three service levels
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Non-critical. Need it in some amount of time but not urgent, example computers and building materials
Scheduled delivery. Something that can be customized according to customer needs and to be delivered on the scheduled time, Example car.
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1) Inventory management is the practice of controlling, ordering, storing and use of components or materials that organizations use in production of the item it sells.