Explore BrainMass

Inventory Management and Performance Objectives

Please explain in 5-6 sentences. cite source please.

Pick a particular company. Based on your choice, describe how an efficient supply chain can result in increased competitive advantage for this company.

What is the purpose of inventory? How does inventory management impact operations performance objectives? Provide specific examples.

Solution Preview

Let us take the case of Walmart, the world's largest retailer. An efficient supply chain is extremely necessary for Walmart to support its everyday low pricing strategy across all its outlets. Walmart needs an efficient supply chain to ensure smooth supply and availability of thousands of products in all its outlets across the country and world. The company would not be able to compete against other retailers if its supply chain ...

Solution Summary

This solution of 247 words discusses importance of inventory management using the case study of Walmart. Reference used is included.