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Question 3 In a supply chain, uncertainties arise because many events cannot be foreseen. To satisfy customers, manufacturers often deal with such uncertainties and unforeseen

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Question 3 In a supply chain, uncertainties arise because many events cannot be foreseen. To satisfy customers, manufacturers often deal with such uncertainties and unforeseen events by keeping more material or products in inventory than what they think they may actually need. Define safety stock. (2 marks) (a) (b) Determine FOUR FOUR (4) importance of safety stock. (8 marks)

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