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The first challenge that students face is understanding the various methods and techniques used in
inventory management. This includes concepts such as Just-in-Time (JIT) inventory, Economic Order
Quantity (EOQ), and ABC analysis. These concepts require a deep understanding of mathematical
calculations and their application in real-world scenarios. Without a proper understanding of these
concepts, it can be challenging to complete a homework assignment on inventory management.
Another challenge is analyzing case studies related to inventory management. Many homework
assignments require students to analyze and provide solutions to real-life case studies. This involves
identifying the problem, understanding the underlying causes, and coming up with effective
solutions. It requires critical thinking skills and the ability to apply theoretical concepts to practical
situations.
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