Discussion—Competitiveness and Inventory Management
To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. In what ways did the expansion of menu offerings create a problem for inventory management? One form of inventory is safety stock, which is primarily carried by companies to ensure a variety of products is available at all times. However, safety stock ties up capital and hinders cash flow.
Using the Argosy University online library resources and the Internet, research safety stock.
Then respond to the following:
After your initial post, discuss the following:
Write your initial response in 200 to 300 words. Apply APA standards to citation of sources.