750–1,000 words3 References in APA format w/in text cita

750–1,000 words3 References in APA format w/in text citations.While John Smith considers your recommendations of his company’s service-level issues, explain the concept of inventory management as it relates to service operations management. Create an e-mail to him in reference to this topic.Include the following in your answer:The role of inventoryInventory Strategies (including Vendor Managed, Consignment and Just-in-Time)Lead times and Service levelsEconomic and cost considerationsSpecifically address inventory management as it relates to service and Smith’s companyWhat are some of the biggest challenges around inventory management, including supplier management (including hardware, software, and other technology solutions).