The book lists five main kinds of inventory costs: ordering,set-ups,carrying stock,out-of-stock,and costs of running the inventory system.
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Q2: Buffer stock is stock carried to prevent
Q3: Systems involving many stock-keeping units are dependent
Q4: Contingency planning for cancellations is better production
Q5: Lead time is the interval between demand
Q6: Each unhappy customer represents a loss of
Q8: Inventory is comprised of those stocks of
Q9: Lead time is the interval between order
Q10: Vertical integration is achieved by buying companies
Q11: When the supplier agrees to deliver small
Q12: The pure dynamic case of inventory models
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