Question 4 Explain what is inventory, and detail the reasons why inventory might be kept? [5 marks] Question 5 What arguments would you advance to persuade a supplier to hold their stock in your warehouse and to only charge after the stock has been used? [5 marks] Question 6 Are there different quality considerations when you purchase a service as opposed to when you purchase manufactured goods? [5 marks] Question 7 You are accountable for procuring all waste management services for a large Council. A trade fair is to be helc' shortly on the Gold-Coast and you have been asked to attend. Your request has been refused by the CEO who says he is cutting down on "j ollies". What is your argument to persuade him that there are signicant benets 1' attending? [5 marks] Question 8 Within Supplier Relationship Management (SRM), what is transaction 8: relationship purchasing? Explain the difference and use a product/ service that are most suitable to each type of purchasing situation. [5 marks]