Describe inventory turnover and how it can be used to manage
inventory.

What is the difference between annual physical and cycle
counting?

What is the electronic product code (EPC)?

Briefly describe how RFID can be used to manage inventory.

How can firms use big data to make better decisions?

What is the purpose of the EOQ and the ROP? How can they be used
together?

What are the two major costs considered in the EOQ model? Why is
the total purchase price not a factor affecting the order
quantity?

Explain whether the continuous review or periodic review
inventory system is likely to result in higher safety stock. Which
is likely to require more time and effort to administer? Why?