Managing inventory

1.   Why is it important for organizations to effectively manage their inventory? 2.  What is quality in a logistics system? Is it important to stress quality in a logistics system? Why or why not?    3.  Is logistics planning more important than any other type of business planning? Explain.  4.  What is the most important factor to keep in mind when considering a  facility for your logistical operations and why? Please justify your answer by specifically mentioning which type of facility that you are discussing. 5.  Why is process improvement important in an organization’s logistics network?  Enter your original response to this question.