At a strategic level, the essential role of inventory is to support:
A) Range, speed, flexibility and dependability
B) Quality, dependability, flexibility, cost and speed
C) Cost and speed
D) Flexibility, dependability and quality

Question

Quizplus · Accepted Answer

Inventory plays a crucial role in supporting quality (by ensuring that materials needed for production are available), dependability (by ensuring that products are available when promised to customers), flexibility (by allowing a company to respond to changes in demand), cost (by optimizing the amount of inventory to reduce holding costs), and speed (by ensuring that products can be delivered to customers in a timely manner).

At a Strategic Level, the Essential Role of Inventory Is