Question 1. What is the difference between the probability of a stock-out and the magnitude of a stock-out? Give example to support your response- (300 word response) with reference NO PLAGARISM---all work must be reference and ensure reference is correct
Question 2. Why is the organization's Inventory policy important? 300 word response with reference- NO Plagarism
Required Textbook Reference: Bowersox, Donald J., David J. Closs, M. Bixby Cooper, Supply Chain Logistics Management. 3rd edition or 4th edition, McGraw-Hill Irwin