UP Fitness will install four new “trapezoidal gel-resistance toners” (“trappies” forshort), their latest exercise gadget, which is specifically designed to contour upper backmuscles. Clients who want to use these machines arrive at the rate of 90 per hour. If allfour machines are busy, UP Fitness clients use other pieces of equipment, waiting forone of the trappies to become available. The trappy experience is intense: 120 secondsof explosive exercise intensity. What is the utilization of the trappies?

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Inventory Management

The supply chain is crucial to a firm's operations as it manages the inflow and outflow of products that are manufactured from the initial stage to the end product. It also considers the raw materials needed at different stages of production and when the work is in progress. Inventory management functions consist of ordering, storing, and procuring the organization's inventory like raw materials, factors, and finished products. It's also used for controlling the number of products for trade and helps manage the organization's inventory and stock. Inventory Management has been defined as having the right inventory, of the right volume, at the right cost.