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Mr. D is the manager of a local walgreens. His biggest concern is to make sure that his store is always making the most profit possible. He cuts costs by focusing on certain logistical decisions. Every other day walgreens receives shipments from pepsi, evian, hershey, and numerous other manufacturers. Walgreens insists on small shipments every two days, which helps to keep their inventory costs low. What system is mr. D using at walgreens to reduce his costs?.

Respuesta :

Narayankutty

Mr. D using just-in-time inventory Walgreens to reduce his costs.

What is just-in-time inventory?

  • JIT, or just-in-time, inventory management, involves only ordering products from vendors when they are actually needed. This approach's primary goals are to lower the cost of keeping inventory and boost inventory turnover.
  • a necessity for just-in-time
  • Just-in-time production demands meticulous supply chain planning and the use of top-notch software to complete the entire process up until delivery, which improves productivity and reduces room for error because each activity is tracked. Here are some of the significant effects of a just-in-time inventory management system:
  • Reduces inventory waste
  • A just-in-time approach prevents overproduction, which occurs when the market's supply of a good exceeds its demand and results in the buildup of unsalable stocks. These unmarketable goods change.

To learn more about inventory management refer to:

https://brainly.com/question/8842151

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