Explain the following:
Question 1: Explain in detail company's major types of inventory, their costs and their relationships to inventory decisions and with examples effective management of inventories in the supply chain is one of the key factors in company's success.
Question 2: Explain in detail company's challenges in maintaining inventories globally especially during pandemic - COVID - 19 and how collaboration among trading partners will help the overall inventory management processes.
Question 3: Explain with detail with examples company's rationale in maintaining seasonal stocks, anticipatory stocks and safety stocks.