BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Companies can benefit from better inventory and processing control and more efficient logistics.
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Supply Chain Analytics
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Marketing Analytics
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Financial Analytics
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Health Care Analytics
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Explanation:
Detailed explanation-1: -Reduced inventory and overhead costs An efficient supply chain can reduce the need to maintain inventory, therefore cutting overhead costs associated with storage and security.
Detailed explanation-2: -The importance of inventory management in the supply chain is that it is the sustained key to success. Perhaps the most significant role inventory plays in supply chains is balancing the demand and supply parameters. The effective management of inventory depends upon the size of the company.
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