QUESTION 1: Read the statement below and answer the questions that follow: Inventory comprises of a combination of raw materials and finished products. Effective inventory management is essential to ensuring optimal stock levels and maximising the earning potential of the business. Inventory is typically found in manufacturing businesses, while stock is associated with trading (wholesale or retail) businesses. 1.1 1.2 (18 Marks) Inventory comprises of three (3) parts. Provide a diagram that illustrates: The start and end point of the supply chain. (2 marks) The three (3) parts of the inventory process within the supply chain. (3 marks) The flow (direction) of each part within the supply chain (1 marks) Using your own words, explain the function of each of the three (3) parts of inventory in the supply chain. (12 marks)