1. Explain the statement, ‘Retailers like to stock the lowest level of inventory even if that means assuming a small risk of stockouts’. 2. Explain the statement, ‘A slight increase in time or cost of...

1. Explain the statement, ‘Retailers like to stock the lowest level of inventory even if that means assuming a small risk of stockouts’.

2. Explain the statement, ‘A slight increase in time or cost of placing each order will have a cascading effect’.

May 26, 2022