Firms develop a reputation for reliability by establishing effective inventory management policies, performing accurate sales forecasts, and maintaining effective transportation and distribution operations.

Question

Quizplus · Accepted Answer

Effective inventory management ensures that firms can meet customer demand without excessive stock, accurate sales forecasts help in planning and reducing waste, and efficient transportation and distribution operations ensure timely delivery, all of which contribute to a reputation for reliability.

Firms Develop a Reputation for Reliability by Establishing Effective Inventory