What is inventory control? Why is the management of inventory crucial to a company success?

1. What would be the best facility layout for each of the following?
a. movie rental shop
b. nail salon
c. car wash
d. sandwich shop
2. What might be the factors involved in the selection of suppliers for a steakhouse restaurant?
3. What is inventory control? Why is the management of inventory crucial to a company success?
4. What is benchmarking? How can it help a firm improve the quality of its goods and services?