We've previously looked at the advantage of responsiveness (minimizes risk of losing sales) and its corresponding disadvantage of increased cost. Assume that you are managing a retail store. Would you be willing to invest in safety stock to ensure that you don't lose any sales? If so, why or why not?

Answer rating: 100% (QA)

Answer Investing in safety stock to minimize the risk of losing sales can be a strategic decision for a retail store but it must be balanced with othe... View the full answer