Operational Decision Making

Part 1:

Which type of inventory system would you use in the following situations, and why?

1. Supplying your kitchen with fresh food
2. Obtaining a daily newspaper
3. Buying gas for your car

Part 2:

With so much productive capacity and room for expansion in the United States, why would a company based in the United States choose to purchase items from a foreign firm? Discuss the pros and cons.