Choose an example for single-stage inventory system from the following.

Define the term "inventory turn" and discuss why it is an important indicator of an organization’s profitability. Give an example of an item that would have a fast turn and a slow turn.

The Meeras Cafeteria at the College of Economics and Political Science serves cooked food including shawarma and hamburgers, as well different types of drinks and packaged food products 1/ What type of inventory system would you suggest for the Meeras Cafeteria - Continuouis Review or Periodic Review? What is the reason for your answer. 2) To implement the system you suggest, what data will you need, and how do you obtain this data. 3) Once you have identified the needed data, explain how you can implement the inventory management system. Indicate a recommended service level, how you will decide the order quantities and how inventory will be monitored.

Write short notes on- EOQ, ABC system, cycle service level.