IBM220Group Assignment # 3 - Inventory

1. Explain what Types of Inventory (Ch.3 Slide 13) you will be carrying. You must distinguish your various inventory with the correct classification type.

2. Explain which type of Inventory Classification System (Ch.3 Slide 15) you will be implementing in your business. Also explain why you chose that system over the others. You can use more than one system.

3. Explain which type of Inventory Models (Ch.3 Slide 17) you will be implementing in your business. Also explain why you chose that model over the others. You can use more than one model. You must also explain how your Product's Life Cycle (Ch.3 Slide 19) relates to your inventory model.

4. Explain what type of Circular Supply Chain (Ch.3 Slide 50-51) method you will be using for your business. You must explain why you chose that strategy and how it compliments your business inventory strategy.