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This lecture from Open Tuition covers inventory control, specifically focusing on reorder levels and safety in factories, as outlined in section eight. It references the concept of economic order quantity and illustrates inventory levels over time. The example given shows ordering five thousand units repeatedly, demonstrating a graph where inventory depletes to zero before a new order arrives. The key takeaway is that in practice, businesses cannot wait for inventory to reach zero before placing a new order due to inevitable delays in receiving stock. Therefore, managing reorder levels is crucial for maintaining smooth operations and preventing stockouts.