Select one of the key concepts from the list below for your Discussion response. Be sure to identify the name of the organization.

• Discuss how to conduct an ABC analysis for one or more inventory items for your selected organization.
• Justify the use of the EOQ model for independent inventory demand. 
• Explain the differences that exist between using the EOQ model at a product-based business (i.e., sells a physical, tangible product), and a service-based business (i.e., sells a service, which has no physical or tangible product).
• Explain how to compute a reorder point and describe safety stock. If the material for the product is shipped across oceans, how would that influence the safety stock?
• Contrast the differences between service levels and probabilistic inventory models in the context of your organization.
• Please support your essay with at least three recent (within the last five years) references. At least two of them should be scholarly (peer-reviewed journal publications). 
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