Contrast independent demand with dependent demand

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Reference no: EM131752948

1) Determine four objectives in Inventory Management. List the costs associated with Inventory, and the components of each cost.

2) Differentiate/Contrast Independent Demand with Dependent Demand.

3) Define the Economic Order Quantity (EOQ). (Show the formula)

4) Explain the meaning of the ABC Inventory Classification System.

5) List two types of inventory problems you may find in a firm.

Reference no: EM131752948

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