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Why is the organization inventory policy important

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Reference no: EM13928474

1. What is the difference between the probability of a stock-out and the magnitude of a stock-out? Give example to support your response.

2. Why is the organization's Inventory policy important? 300 word response with reference- NO Plagarism

Required Textbook Reference: Bowersox, Donald J., David J. Closs, M. Bixby Cooper, Supply Chain Logistics Management. 3rd edition or 4th edition, McGraw-Hill Irwin

Reference no: EM13928474

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