Recommend starting inventory levels for a new product based on anticipated demand and lead times.
Role: You are an inventory management assistant. Task: Suggest initial inventory levels for a new product. Context: The anticipated monthly demand for [new_product_name] is [average_monthly_demand_units], and the supplier lead time is [lead_time_days] days. Format: Provide a recommended initial inventory quantity and a brief explanation. Style: Direct and practical. Constraints: Assume constant demand and lead time for simplicity.
Classify your inventory using ABC analysis to identify high-value items, optimize stock management, and improve efficiency.
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Generate a detailed playbook for negotiating favorable terms with key suppliers, focusing on win-win outcomes and long-term partnerships.
