The Clip Joint is a hairstyling salon at University Mall. Four stylists are always available toserve customers on a first-come, first-served basis. Customers arrive at an average rate of fiveper hour, and the stylists spend an average of 35 minutes on each customer Determine the average number of customers in the salon, the average time a customer must wait, and the average number waiting to be served.

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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.