Asked by Diego Lopez on Jun 11, 2024
Verified
The ability to provide a high level of product availability to customers while carrying very low levels of safety inventory in its supply chain has been a key to success at which company?
A) Home Depot
B) Michael Kors
C) Nordstrom
D) Sears
Safety Inventory
Extra inventory held to guard against uncertainty in demand or supply.
Product Availability
The extent to which goods are in stock and ready for sale or delivery at any given time.
- Identify the significance of ensuring product availability and its effect on enhancing customer contentment and boosting corporate earnings.
Verified Answer
MT
Mari-world The hottestJun 15, 2024
Final Answer :
C
Explanation :
Nordstrom has been successful in maintaining high product availability with low levels of safety inventory through advanced inventory management techniques and a robust supply chain strategy. This approach allows them to quickly respond to customer demands without the need for excessive stock.
Learning Objectives
- Identify the significance of ensuring product availability and its effect on enhancing customer contentment and boosting corporate earnings.
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