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SCM 300 Module 2 + Case Questions with correct Answers
SCM 300 Module 2 + Case 
 
The items that are owned by a company for the purpose of present or future sale or for use in day-to-day operations. Any items the company owns can be included as part of its: 
 
a)Inventory 
b)Lead time 
c)Lot size 
d)None of the above - Answer- a) 
 
Inventory is your insurance against risk at every stage of the supply chain. - Answer- True 
 
Stock of any ITEM or RESOURCE used in an organization is considered inventory - Answer- True 
 
Raw materials, replacement pa...