Information is a substitute for inventory.

Name: Information is a substitute for inventory.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

This statement means that by having access to accurate and timely information, businesses can reduce the need for physical inventory. For example, a retailer with a real-time inventory tracking system can quickly determine which products are selling well and adjust their stock levels accordingly, reducing the need to carry large amounts of excess inventory.

Information Is a Substitute for Inventory