6.4.MR_TanJoshua - 1 List some products in your personal or family\"inventory How do you manage them(For instance do you constantly run to the store for

6.4.MR_TanJoshua - 1 List some products in your personal or...

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1.List some products in your personal or family "inventory." How do you manage them? (For instance, do you constantly run to the store for milk? Do you throw out a lot of milk because of spoilage?) How might the ideasin Chapter 12 change your way of managing these SKUs?This question has enabled me to apply what I have learnt from this chapter quite aptly, for example, there are two categories of “inventory” demands that I have at home, independent and dependent. The items that have independent demands can be TVs, laptops and furniture as the demand to each other (Collier & Evans, 2013. p.256). Alarm clocks, batteries, milk andcereal are examples of items that have dependent demands as the battery requires replacing when it runs out and cereal does not go well with water (Collier & Evans, 2013. p.256). The trend I noticed about the various demands of my household items is that, most items that have independent demands will encounter a stockout or shortage issue when it is damaged,

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