The opportunity cost of the money tied up in inventory is a major consideration when making inventory decisions.

Inventory allows flexibility in production rates.

The service level used when setting safety stock should always be at least 90%.

If we carry less inventory, total annual order costs will tend to go up.

If customer service was the same regardless, a manufacturer would prefer to keep inventory in the form of raw materials than finished goods.

The inventory techniques we discussed should be used for dependent demand items only.

Holding cost per unit per year, and shortage cost per unit, should be used when determining the appropriate service level to use when setting safety stock.

In a linear program, you can only have one objective function.

The reorder point and safety stock computations we discussed should be used with perpetual record-keeping systems.

Discuss the key priorities of the FBI, when investigating cybercrime.