Trucks come to a facility to pick up final goods for delivery to far-off markets. They must join a waiting line when they arrive and are served on an FCFS basis. Ten trucks come per hour, whereas fifteen trucks are loaded per hour. The fact that loading is exponentially distributed and arrivals are Poisson distributed are also a given. Transporters have expressed dissatisfaction about the approximately 12-hour wait time for their trucks at the factory. (A) Verify the validity of the complaint. (B) What is the probability that the loaders are idle?

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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.