lean and agile approaches to supply chain management

Outline the basis for both lean and agile approaches to supply chain management (SCM) by using two examples of your choice, each from a different industry. Moreover, discuss how lean and agile approaches could be effectively combined, by using at least one example of your choice

Identify and describe the various costs associated with inventory in the supply chain. Assume that you are asked by the organisation you work for to optimise the size of the orders placed to a supplier by taking into account only order costs and carrying (holding) costs of inventory. Discuss the procedure you would suggest to the management team in order to calculate the optimal size of the order..