To confirm that you have mastered the content for this module, complete the end of module review below.
Review IconIndependently answer the following essay questions using your own words. Avoid using quoted material to make your points, but do cite sources if you use facts or information derived from publications.
1. Identify four primary functions of inventory, and give a practical example to illustrate each function in an action related to an aviation or aerospace operation.
2. Define three account categories of inventory carrying costs and provide a concrete example or illustration of each such cost applied in the aviation or aerospace fields.
3. Compare and contrast the effects of three main transportation cost factors on how those factors influence the choice of air transport versus the use of truck or rail transport.
Include at least one authoritative reference source with your report this can be a scholarly journal.
-The four functions of inventory from the course are these:
• Identify four primary functions of inventory, and give a practical example to illustrate each function in an action related to an aviation or aerospace operation.
Inventory risk varies based on a company’s position in the distribution channel, thus inventory management focuses on that. Time length, depth, and breadth of commitment are three common aspects of inventory risk. There are four primary inventory functions which include geographical specialization, decoupling, balancing supply and demand, and buffering uncertainty.
The geographical specialization
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