Question: Explain the concept of replacing inventory by information within an organization. Why should a customer be concerned about transit inventory cost, if they pay for

Explain the concept of replacing inventory by information within an organization.
Why should a customer be concerned about transit inventory cost, if they pay for the inventory only when the merchandise arrives at their premises?

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Replacing inventory by information within an organization refers to the use of information technology and datadriven processes to optimize inventory management and reduce the need for physical invento... View full answer

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