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The logistical function of inventory management has greatly changed greatly over the last few decades. Historically, inventories have been used to manage production and were considered a necessary component of doing business. However, with recent developments such as Just-In-Time (JIT) and Electronic...

This paper is organized around three stages or links in the wheat value chain: elevators, milling, and baking. Each of these links represents an important economic activity within the supply chain. Although heavily intertwined, each link competes in a unique economic environment. The discussion for each...