Inventory and Transportation Management Name Institution Inventory and Transportation Management Q1 Inventory carrying cost represents the amount of money it costs when holding the inventory in storage, which is not moving (Stevenson, Hojati, & Cao, 2007). The amount involves what is spent through storage, maintaining, and management of the inventory using the facilities within the house or a warehouse from outside. Both the process and management of stock incur the cost that occurs through using equipment for handling material, applying software and hardware, and electricity among others extensively. On the other hand, ordering cost refers to the amount of money that is needed or spent...
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