Problem 1: Based on the textbook, what are the different types of costs related to inventory? Also, what are the relationships with service levels and safety stock?
Problem 2: REAL WORLD POST. What is a specific example, illustration or application of the costs related to inventory that I highlight in the Week 7 Live Engageli Session? What stood out to you about the costs related to inventory example and how can you use it in your professional career?
Problem 3: REAL WORLD POST. After watching the Wall Street Journal Video: How Drug Prices Work,
(i). What are the specific inventory costs are involved in this supply chain?
(ii). Which stakeholder is impacted the most (negatively or positively) by the inventory costs you highlighted?