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1.How can companies cope with variability in customer demands? 2.Why are the relationships between service and inventory levels so important? 3.What are effective inventory management

1.How can companies cope with variability in customer demands?

2.Why are the relationships between service and inventory levels so important?

3.What are effective inventory management policies? What are the characteristics of these policies?

4.Continuous review policy &Periodic review policyidentified two different types of inventory models. Which model would require more safety stock? Why?

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