1. Why is it important to conduct cycle counting? 2. What is the electronic product code (EPC)? 3. Briefly describe how RFID can be used to manage inventory. 4. Explain why item-level tagging is more expensive than case-level tagging in RFID. 5. What is big data? 6. How can firms use big data to make better decisions? 7. What is the purpose of the EOQ and the ROP? How can they be used together? 8. What are the assumptions of the EOQ model? 9. What are the two major costs considered in the EOQ model? Why is the total purchase price not a factor affecting the order quantity? 10. How is the quantity discount model related to the EOQ model