150 words

1. In your own words, explain the differences and relationships between the aggregate inventory categories.
2. Using a product you are familiar with, identify the independent demand item and the dependent demand items for that product.
3. Discuss the differences between the operational inventories?
4. Discuss when each of the following replenishment strategies are applicable

   i.   EOQ
   ii.  Reorder point system
   iii. Periodic review system</p>

5. Discuss how the sales plan and operations plan are developed through the S&OP process. Consider the inputs to each and how they are linked.  What is the significance of the S&OP?