Solved: What is the difference between the probability of a, Management Information Sys

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What is the difference between the probability of a

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.

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

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