Complete the following discussions: 1). Inventory management is critical to succ

Complete the following discussions:
1). Inventory management is critical to success in the simulation. With respect to your team, discuss
how you decide to balance the risk of stockouts against the costs of maintaining excess inventory.
2). Every week, you have to consider the cash flow of your firm. This short-term financial
consideration often creates serious difficulties for firms in the footwear industry. Looking at your
industry to date, consider the following questions:
1. Why do firms have trouble managing their cash flow?
2. What events cause a cash flow crisis in the simulation?
How does a short-term cash flow crisis
3. impact a firm’s competitive strategy?
How does a short-term cash flow crisis spiral into bankruptcy for some firms?
FYI:
Please make sure sources are accessible to verify