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Explain how the concepts of inventory costs apply and how these costs can be minimized in a clothes factory. Explain how the long-term forecasting model

  1. Explain how the concepts of inventory costs apply and how these costs can be minimized in a clothes factory.
  2. Explain how the long-term forecasting model will help improve the clothes factory's inventory management and cost management.
  3. How might a bullwhip effect occur in a clothes factory?
  4. What steps would you take to mitigate any bullwhip effect?
  5. Are there any opportunities for green sourcing in a clothes factory.? Identify those opportunities and link this to the overall cost.
  6. What value did you walk through the supply chain process in a clothes factory.?

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