Question: You have been tasked with developing the inventory strategy for your company that sells consumer electronics in retail outlets and online. Many of the products
You have been tasked with developing the inventory strategy for your company that sells consumer electronics in retail outlets and online. Many of the products come from Asia and demand can change suddenly when the rumors of new models are the buzz. Outline how you would develop a strategy that maximizes product availability while minimizing overall inventory costs and product obsolescence in the supply chain. Specifically explain how you would go about setting parameters for stocking levels and recording.
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