1. Watch the two videos on Amazon, what are the emphases in receiving and order fulfillment? What are the technologies used in inventory management and their implications?
2. What does a small hardware store have to do in terms of inventory management so they can compete with their larger counterparts like Lowes and Home Depot? Is it different inventory management focus?
3. What happens to you, the store, and the manufacturer when you walk into the store to buy a 2-litre Diet Coke and it’s not on the shelf? List ALL scenarios (possible outcomes) and their implications. Be very specific.
4.Does it make sense to buy in bulk as depicted in the video Big Bang Theory? Why or why not? What are the benefits for the manufacturer and the consumer with bulk purchases?