What are the collaborative efforts being pursued by


1. If a business wants to reduce inventory by changing to a kanban system. How many containers are needed if daily demand is 1000 units, lead time is 2 days, safety stock is ¼ day, and container size is 475 units?

2. Outline the characteristics of the Lloyd’s Market and briefly explain how it works.

3. What are the collaborative efforts being pursued by pharmaceutical companies.

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