Hypothetical example of inventory optimization

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1) Some companies may choose to have a high level of inventory while other companies in the same industry may choose to have a low level of inventory. Also, present some scenarios for choosing high-level and low-level inventory.  What factors need to be considered while determining a policy on the level of inventory? Provide a hypothetical example of inventory optimization.

2) Explain the following terms, payable outsourcing, electronic disbursements, freight bills, and comprehensive payable concept. Include examples for better clarity. Provide information about some payable management companies that can be outsourced. Provide in-text citations and explain in detail.

Reference no: EM133170848

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