DISCUSSION QUESTIONS: Has the supply chain crisis exposed the underlying risks of just-in-time inventory management? Should just-in-time approaches at retail be retired, adjusted or brought back once the supply chain bottlenecks are resolved?
Interactive Edge’s CEO, Zel Bianco comments, featured on RetailWire’s Braintrust:
Has ‘just-in-case’ replaced ‘just-in-time’ inventory management?
The option to keep additional supply for the “just-in-case” and tie up capital, warehouse and insurance costs may be high, but the alternative may be higher. Every business needs to understand their metrics and maintain a reasonable and responsible balance.
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