Ch.2 Discussion Questions 1. In analyzing demand, what is the difference between independent demand" and dependent demand"? Use examples, too. 2. Describe three of the many) types of Patterns of Demand. 3. In analyzing inventory, two tools used are the "ABC Analysis" and the 80/20 Principle (Pareto's Law). Discuss what these tools are? 4. Discuss five (5) reasons why standard Product Coding on inventory is important. Meaning, how can standard Product Coding be a useful tool? 5. What are Holding Costs that are associated with inventory warehousing? What are some examples? 6. What does the term "Lead Time" mean in inventory management? How can it affect service to customers? 7. Forecasting demand is a challenge to inventory management. When would forecasting be easier to do and when would it be harder to do? Describe two f+homoni Hotion1 Tratado doond forti