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Final answer:
Factors influencing buying decisions, inventory analysis, and defining elements of inventory.
Explanation:
Factor influencing buying decisions: Delivered purchased material cost, Incremental managerial costs, Receiving and inspection costs, and Incremental cost of capital all play significant roles in influencing buying decisions.
Inventory analysis: Inventory can be classified according to its scarcity or availability using techniques like VED analysis, which categorizes inventory based on its criticality and importance.
Defining element of inventory: Inventory is not just an idle resource with economic value; it ties up resources, serves the purpose of decomposing successive operations, but it is not multimodal.
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