1 Read the example of the National Blood Service, at the beginning of the chapter. (a) What...

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1 Read the example of the National Blood Service, at the beginning of the chapter.

(a) What are the factors that constitute inventory holding costs, order costs and stock-out costs in a National Blood Service?

(b) What makes this particular inventory planning and control example so complex?

(c) How might the National Blood Service inventory management affect its ability to collect blood?

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