Carol owns a small gift shop on the East Coast.She is hoping the economy rebounds this fall as she had to order her Christmas and other holiday gifts in February to be sure she has enough inventory for the surge in sales that the holiday season usually but not always brings to her retail store.In this example,Carol is using __________ to be sure she has enough gifts for those extra holiday customers that she hopes will brave the economic woes and shop for gifts.

Question

Quizplus · Accepted Answer

Buffering is a strategy of maintaining extra inventory to prepare for an unexpected increase in demand. In this case, Carol is ordering inventory in advance of the holiday season to buffer herself against the risk of running out of merchandise. Just-in-time inventory management, smoothing, and Kanban are all lean production techniques that aim to reduce waste, manage inventory efficiently, and optimize production processes. Adapting at the core refers to a company's ability to modify its business model, products, or services to stay relevant and competitive in the long term, which does not apply in this scenario.

Carol Owns a Small Gift Shop on the East Coast