What factors affect the magnitude of the difference

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Reference no: EM131911838

Question: 1. Compare and contrast the management of finished goods inventory in a manufacturing firm with that in a retail or wholesale firm.

2. For a given service level, why does a P system require a larger inventory investment than a Q system? What factors affect the magnitude of the difference?

3. Suppose you are managing the Speedy Hardware Store. Give examples of items that might be managed by a P system and other items for which a Q system might be used. How do these items differ?

Reference no: EM131911838

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