Inventory Management Assignment Answers

Questions 1

Explain in detail the term inventory management

Questions 2

Identify and explain 4 types of inventory management

Questions 3

The above case study highlights Toyota’s minimum inventory technique. You are hired as an inventory specialist to explain the benefits involved with holding stock to senior management. Explain the nebefit of holding stock and use another company to assists in your explanation/

Questions 4

Senior management at Toyota would also like to know the shortfalls of holding inventory on their bottoms lines. Explain the different costs associated with the holding of inventory;