1) What could be a disadvantage of keeping a buffet stock? 2) What could be a disadvantage of the Just-In-Time system? 3) What are some advantages of the Just-In-Time system? 4) Explain the CRP process to your classmate. 5) What does the procurement process involve? 6) Explain what a tender is. 7) What are the benefits of economies of scale? 8) How can a company reduce lead times?

Inventory management

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