What is the significance of inventory regarding customer service levels?
What are some of your experiences with inventories from the customer service perspective?
How would you improve those inventories?
What is the Economic Order Quantity technique and what are the basic assumptions the model
What are some different companies that could benefit from using this type of inventory management
The significance of inventory regarding customer service levels is very important. A company must maintain inventory so items are available to the customer when the customer wants or needs it. Failure to maintain sufficient inventory may cause the company to lose customers.
From the customer service perspective, I have stopped doing business with companies over the years that were unable to provide. I like to walk into a store and find the item I am looking for.