What is inventory?
Explain 4 types of inventory based on position of inventory in the process?
Explain buffer inventory.
What does EOC (Economic Order Quantity) attempt to do?
What is replenishment lead time?
Explain the 3 approaches of locating inventory. Explain inventory turns.
Explain ABC inventory distribution - the process used to establish relative importance.
Explain the 2 methods of obtaining accurate inventory records.