A takeaway café has an average rate of customer arrival of 6 per hour. The café uses two service counters and both counters take 6 minutes to serve each customer. Assuming Poisson arrivals and exponential service, what is the average number of customers waiting in a queue? a. 1.000 b. 0.059 c. 0.600 d. 0.333 e. None of the other answers is correct Feedback

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Inventory Management

The supply chain is crucial to a firm's operations as it manages the inflow and outflow of products that are manufactured from the initial stage to the end product. It also considers the raw materials needed at different stages of production and when the work is in progress. Inventory management functions consist of ordering, storing, and procuring the organization's inventory like raw materials, factors, and finished products. It's also used for controlling the number of products for trade and helps manage the organization's inventory and stock. Inventory Management has been defined as having the right inventory, of the right volume, at the right cost.