What helps organisations reduce inventory investments,while improving customer satisfaction?
A)Supply chain event management
B)Selling chain management
C)Collaborative engineering
D)Collaborative demand planning

Question

Quizplus · Accepted Answer

Collaborative demand planning involves sharing data and insights between suppliers and customers. By doing so, they can plan inventory levels more effectively, reducing excess inventory investments while still meeting customer demand. This can ultimately lead to improved customer satisfaction since there is less likelihood of stockouts or delays in delivery. While the other options may also have benefits for supply chain management or customer satisfaction, they are not directly related to reducing inventory investments.

What Helps Organisations Reduce Inventory Investments,while Improving Customer Satisfaction