1. How can the company prevent stock shortages ?
2. How can the company improve the gross margin on individual products ?

Regarding inventory:

• There have been regular shortages of inventory. The most recent stocktake on 31 July 2022 once again revealed shortages of inventory. This shortage consisted of 10 cartons of KEL685 and 8 cartons of AS330.

• David is concerned that the gross margin on the individual products Tassie Packaging sells is insufficient. He would like a gross margin of at least 50% on each of the products the company sells. The gross margin information can be found below:

Tassie Packaging Pty Ltd Individual Products - Gross Margin
Product Code	Product Description	Unit of Measure	Unit Cost (GST exc)	Unit Selling Price (GST exc)	Gross Margin
AS330	Coffee cup lids	Carton	60.00	100.00	40%
KEL675	8oz biodegradable coffee cups	Carton	85.00	115.00	26%
KEL685	12oz biodegradable coffee cups	Carton	95.00	125.00	24%
MA121	600ml rectangular takeaway containers	Carton	45.00	75.00	40%
MA122	750ml rectangular takeaway containers	Carton	50.00	90.00	44%
PH022	Rectangular takeaway container lids	Carton	25.00	40.00	38%