Which of the following is most likely to have contributed to better inventory management?
A) Stability in the market demand
B) Stability in the average price level
C) Perfect forecasting by the firms
D) Reduced variability in the input costs
E) Improvements in information technology and communication

Question

Quizplus · Accepted Answer

Improvements in information technology and communication have made inventory management more efficient, accurate, and real-time. It has enabled better tracking of inventory levels, demand patterns, and supply chain movements, resulting in reduced stockouts, overstocking, and obsolescence. While stability in market demand and price level, perfect forecasting, and reduced variability in input costs are all desirable, they may not always be achievable or sustainable in the dynamic business environment.

Which of the Following Is Most Likely to Have Contributed