Inventory in a manufacturing environment

Discuss the concept of an inventory.
Explain and perform ABC analysis of inventory.
Explain purchasing and manufacturing lead time.
Calculate relevant inventory costs.
Compare order quantity costs.
Explain the concept of safety stock.
Explain distribution management and required functions.
Relate inventory to customer service.
Discuss factors that determine the location of a facility.
Explain Distribution Requirements Planning (DRP).
Discuss a number of distribution ordering models using given examples.
Discuss the importance of customer service.