SCM 323 Assignment-1 Hilal distribution network of light machinery in the Kingdom of Saudi Arabia, has decided to diversify its operations by adding a dairy products production plant. They are looking forward to market their dairy products throughout the Kingdom. The management is aware of the fact that an efficient supply chain is the key to the success in marketing and distribution of dairy products in the market. While a well designed inventory management system is most important component of any supply chain. To start up with designing the inventory systems the firm needs to know the importance of inventory management, types of inventories to be maintained to deal with the demand in the market, and to calculate the inventory costs to be competitive in the market. So as a step-1 in designing supply chain the firm needs to know inventory control steps and the methods used to set up an efficient inventory control system to deal with intense competition in the market. Your task today is to prepare a proposal for the company showing the following: 1. Importance and stages in inventory/stock control 2. Different levels of stocks in warehouse 3. Role of lead time in stock control 4. Which stock control model is appropriate for your company and why? Answer the questions based on the concepts You learnt in the SCM323 Module 2. Marks for this Assignment: 5 Marks Due Date: 29th Sep 2022 Notes: 1. Answers should be in your own words and NOT exceed more than 2 pages. 2. No plagiarism. Assignments will be checked for originality. 3. No Cheating. If the evidences of cheating or copying found, BOTH will get ZERO MARKS.