Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

combine and rewrite for clarity: Apple's operational efficiency is also tied to its inventory management. By maintaining an optimal level of inventory, Apple can reduce

combine and rewrite for clarity: Apple's operational efficiency is also tied to its inventory management. By maintaining an optimal level of inventory, Apple can reduce storage costs and minimize the risk of stock obsolescence. This efficiency can lead to cost savings, which can then be invested in other areas of the business to improve overall operational efficiency. Apple's operational efficiency is enhanced by effective inventory management. By ensuring the right amount of each product is available at the right time, Apple can minimize waste, reduce storage costs, and use resources more efficiently. Apple, like Ford, uses a Just-In-Time (JIT) inventory system to reduce in-process inventory and associated carrying costs, thereby improving the company's return on investment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Clinical Work And General Management Of A Standard Minimal Resource Facility

Authors: Musa Touray, Aisha Touray

1st Edition

3030710319, 978-3030710316

More Books

Students also viewed these General Management questions