discussion 350 words u 3

A. What are the risks of a business not having control over its inventory? Please explain in detail. Then, select a type of business or industry and identify the specific risks it might incur if the inventory is not controlled. Please defend your assessment.

B. What are the following models for inventory control and how might they be used? EOQ, Probabilistic, Single-period, and fixed order quantity model. Are there some that might be more readily applied to the support of service sector organizations than others? Why?

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