Review the TEN (10) suggestions on the Psychology of waiting. Which are the most relevant in a: Supermarket? City Bus Stop on a rainy dark evening? A doctors office? A ticket office of a football game or concert that is expected to sell-out?

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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.